Tex. Spec. Dist. Local Laws Code § 1113.202 · Subchapter E. BONDS
TAX TO PAY GENERAL OBLIGATION BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall impose an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on general obligation bonds issued by the district under Section 1113.201 as the bonds mature.
(b) The tax required by this section together with any maintenance and operation tax the district imposes may not in any year exceed:
(1) 50 cents on each $100 valuation of all taxable property in the district; or
(2) the maximum amount approved by the voters under Section 1113.253.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1113.htm
- Text hash
- sha256 bd8a347c642cbc1929bf1c879c0b97c0dc4e0fa734f5137b965f51a6f7dc15e4
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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