Ad Valorem Taxes and Bonds Prohibited

Tex. Business and Commerce Code § 671.104, under Chapter 671.

Tex. Business and Commerce Code § 671.104

Sec. 671.104. AD VALOREM TAXES AND BONDS PROHIBITED. The authority may not: (1) impose an ad valorem tax; or (2) issue bonds. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.