Tex. Spec. Dist. Local Laws Code Section 1029.251
Imposition of Ad Valorem Tax

(a)

On final approval of the annual budget, the board shall impose a tax on all property in the district subject to district taxation.

(b)

The board shall impose the tax to:

(1)

pay the interest on and create a sinking fund for bonds issued or assumed by the district for hospital purposes;

(2)

provide for operation and maintenance of the hospital system;

(3)

make improvements and additions to the hospital system; and

(4)

acquire necessary sites by purchase, lease, or condemnation.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1029.251 — Imposition of Ad Valorem Tax, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1029.­htm#1029.­251 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 1029.251’s source at texas​.gov