Tex. Spec. Dist. Local Laws Code Section 1011.202
Tax to Pay General Obligation Bonds

(a)

The board shall impose an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on general obligation bonds issued under Section 1011.201 as the bonds mature.

(b)

The tax required by this section together with any maintenance and operations tax the district imposes may not in any year exceed 75 cents on each $100 valuation of all taxable property in the district.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Section 1011.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1011.htm#1011.202 (accessed May 4, 2024).

1011.001
Definitions 1011.002
Authority for Operation 1011.003
Political Subdivision 1011.004
District Territory 1011.005
Correction of Invalid Procedures 1011.051
Board Election 1011.052
Notice of Election 1011.053
Ballot Petition 1011.054
Qualifications for Office 1011.055
Bond 1011.056
Board Vacancy 1011.057
Officers 1011.058
Compensation 1011.059
Voting Requirement 1011.060
Meetings 1011.061
Employees 1011.063
Seal 1011.064
Alternative Election of Directors by Precinct 1011.101
District Responsibility 1011.102
Restriction on County or Municipal Taxation 1011.103
Management and Control of District 1011.104
Rules 1011.105
Purchasing and Accounting Procedures 1011.106
Eminent Domain 1011.107
Gifts and Endowments 1011.108
Provision of Services Outside District 1011.109
Payment for Treatment 1011.110
Authority to Sue and Be Sued 1011.151
Budget 1011.152
Proposed Budget: Notice and Hearing 1011.153
Fiscal Year 1011.154
Annual Audit 1011.155
Depository or Treasurer 1011.201
General Obligation Bonds 1011.202
Tax to Pay General Obligation Bonds 1011.203
General Obligation Bond Election 1011.204
Maturity of General Obligation Bonds 1011.205
Execution of General Obligation Bonds 1011.206
Refunding Bonds 1011.251
Imposition of Ad Valorem Tax 1011.252
Tax Rate 1011.253
Tax Assessor-collector

Accessed:
May 4, 2024

§ 1011.202’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_1011.202

Original Source: Section 1011.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1011.htm#1011.202 (last accessed May 4, 2024).