Tex. Spec. Dist. Local Laws Code Section 1041.202
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 1041.201.

(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 1041.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1041.htm#1041.202 (accessed May 26, 2025).

1041.001
Definitions 1041.002
Authority for Operation 1041.003
Political Subdivision 1041.004
District Territory 1041.051
Board Election 1041.052
Board Vacancy 1041.053
Officers 1041.054
Compensation 1041.055
Employees 1041.056
Maintenance of Records 1041.057
Seal 1041.101
District Responsibility 1041.102
Restriction on Political Subdivision Taxation and Debt 1041.103
Management and Control 1041.104
Hospital System 1041.105
Rules 1041.106
Purchasing and Accounting Procedures 1041.107
Eminent Domain 1041.108
Gifts and Endowments 1041.109
Payment for Treatment 1041.151
Budget 1041.152
Proposed Budget: Notice and Hearing 1041.153
Fiscal Year 1041.154
Annual Audit 1041.155
Depository or Treasurer 1041.201
General Obligation Bonds 1041.202
Tax to Pay General Obligation Bonds 1041.203
General Obligation Bond Election 1041.204
Maturity of General Obligation Bonds 1041.205
Execution of General Obligation Bonds 1041.206
Refunding Bonds 1041.251
Imposition of Ad Valorem Tax 1041.252
Tax Rate 1041.253
Tax Assessor-collector

Verified:
May 26, 2025

§ 1041.202. Tax to Pay Gen. Obligation Bonds's source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_1041.202

Original Source: Section 1041.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1041.htm#1041.202 (last accessed May 10, 2025).