Imposition of Ad Valorem Tax

Sec. 1061.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property in the district subject to district taxation. (b) The board shall impose the tax to: (1) pay the indebtedness issued or assumed by the district; (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 improvements and additions by purchase, lease, or condemnation. (c) The board may not impose a tax to pay the principal of or interest on revenue bonds. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.