Imposition of Ad Valorem Tax

Sec. 1006.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property subject to district taxation in the manner provided by law for county taxes. (b) The board shall impose the tax to: (1) pay the interest on and create a sinking fund for bonds issued by the district for hospital purposes; (2) provide for the operation and maintenance of the district and hospital system; (3) make improvements and additions to the hospital system; and (4) acquire necessary sites for the hospital system by purchase, lease, or condemnation. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.