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1,327 chapters · 31,721 sections in this title.
Tex. Special District Local Laws Code § 1115.207 Refunding Bonds
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Sec. 1115.207. 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 the outstan…
Tex. Special District Local Laws Code § 1115.208 Bonds Exempt From Taxation
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Sec. 1115.208. BONDS EXEMPT FROM TAXATION. The following are exempt from taxation by this state or a political subdivision of this state: (1) any 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 …
Tex. Special District Local Laws Code § 1115.251 Imposition of Ad Valorem Tax
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Sec. 1115.251. 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 pay: (1) indebtedness assumed or issued by the district; and (2) district maintenance and operating ex…
Tex. Special District Local Laws Code § 1115.252 Tax Rate
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Sec. 1115.252. TAX RATE. (a) The board may impose the tax at a rate not to exceed 75 cents on each $100 valuation of taxable property in the district subject to district taxation. (b) In setting the tax rate, the board shall consider the income of the district from sources other …