Title SD, Special District Local Laws Code

Sec. 1100.254. MATURITY OF GENERAL OBLIGATION BONDS. District general obligation bonds must mature not later than 40 years after the date of issuance. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Sec. 1100.255. EXECUTION OF GENERAL OBLIGATION BONDS. The board president shall execute the district's general obligation bonds in the district's name, and the board secretary shall countersign the general obligation bonds in the manner provided by Chapter 618, Government Code. A…

Sec. 1100.256. REVENUE BONDS. (a) The board may issue revenue bonds to: (1) purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital purposes; or (2) acquire sites to be used for hospital purposes. (b) The bonds must be payable from and secu…

Sec. 1100.257. REFUNDING BONDS. (a) The board may, without an election, issue refunding bonds to refund outstanding indebtedness issued or assumed by the district. (b) A refunding bond may be: (1) sold, with the proceeds of the refunding bond applied to the payment of outstanding…

Sec. 1100.258. BONDS EXEMPT FROM TAXATION. The following are exempt from taxation by this state or a political subdivision of this state: (1) bonds issued by the district; (2) the transfer and issuance of the bonds; and (3) any profits made in the sale of the bonds. Added by Acts…

Sec. 1100.301. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all taxable property in the district subject to district taxation. (b) The board shall impose the tax to pay: (1) the district's indebtedness, including obligations created or assumed by the district…

Sec. 1100.302. TAX RATE. (a) The board may impose the tax at a rate not to exceed 75 cents on each $100 valuation of all taxable property in the district. (b) In setting the tax rate, the board shall consider the income of the district from sources other than taxation. Added by A…

Sec. 1100.303. TAX ASSESSOR-COLLECTOR. The board may provide for the appointment of a tax assessor-collector for the district or may contract for the assessment and collection of taxes as provided by the Tax Code. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01…

Sec. 1100.351. DISSOLUTION; ELECTION. (a) The district may be dissolved as provided by this subchapter. (b) The board may order an election on the question of dissolving the district and disposing of the district's assets and obligations. (c) The board shall order an election if …

Sec. 1100.352. BALLOT. The ballot for the election under this subchapter must be printed to permit voting for or against the proposition: "The dissolution of the South Randall County Hospital District." Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. Apri…

Sec. 1100.353. ELECTION RESULTS. (a) If a majority of the votes in the election under this subchapter favor dissolution, the board shall find that the district is dissolved. (b) If a majority of the votes in the election do not favor dissolution, the board shall continue to admin…

Sec. 1100.354. TRANSFER OR ADMINISTRATION OF ASSETS. (a) If a majority of the votes in the election held under this subchapter favor dissolution, the board shall: (1) transfer to Randall County the land, buildings, improvements, equipment, and other assets that belong to the dist…

Sec. 1100.355. IMPOSITION OF TAX. (a) After the board finds that the district is dissolved, the board shall: (1) determine the debt owed by the district; and (2) impose on the property included in the district's tax rolls a tax that is in proportion of the debt to the property va…

Sec. 1100.356. RETURN OF SURPLUS TAXES. (a) On the payment of all outstanding debts and obligations of the district, the board shall order the board secretary to return to each district taxpayer the taxpayer's pro rata share of all unused tax money. (b) A taxpayer may request tha…

Sec. 1100.357. REPORT; DISSOLUTION ORDER. (a) After the district has paid all district debts and has disposed of all district money and other assets as prescribed by this subchapter, the board shall file a written report with the Commissioners Court of Randall County summarizing …