Tex. Spec. Dist. Local Laws Code Section 1029.202
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 1029.201.

(b)

The tax required by this section together with any other ad valorem 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1029.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1029.htm#1029.202 (accessed Jun. 5, 2024).

1029.001
Definitions 1029.002
Authority for Operation 1029.003
Political Subdivision 1029.004
District Territory 1029.051
Board Election 1029.052
Board Vacancy 1029.053
Officers 1029.054
Compensation 1029.055
Employees 1029.056
Maintenance of Records 1029.057
Seal 1029.101
District Responsibility 1029.102
Restriction on Political Subdivision Taxation and Debt 1029.103
Management and Control 1029.104
Hospital System 1029.105
Rules 1029.106
Purchasing and Accounting Procedures 1029.107
Eminent Domain 1029.108
Gifts and Endowments 1029.109
Payment for Treatment 1029.110
Authority to Sue and Be Sued 1029.151
Budget 1029.152
Proposed Budget: Notice and Hearing 1029.153
Fiscal Year 1029.154
Annual Audit 1029.155
Depository or Treasurer 1029.201
General Obligation Bonds 1029.202
Tax to Pay General Obligation Bonds 1029.203
General Obligation Bond Election 1029.204
Maturity of General Obligation Bonds 1029.205
Execution of General Obligation Bonds 1029.206
Refunding Bonds 1029.251
Imposition of Ad Valorem Tax 1029.252
Tax Rate 1029.253
Tax Assessor-collector

Accessed:
Jun. 5, 2024

§ 1029.202’s source at texas.gov

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Texas runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral & Information Service (LRIS)

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_1029.202

Original Source: Section 1029.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1029.htm#1029.202 (last accessed Jun. 5, 2024).