Tex. Spec. Dist. Local Laws Code Section 1057.202
Tax to Pay General Obligation Bonds

(a)

An ad valorem tax shall be imposed 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 1057.201 (General Obligation Bonds) as the bonds mature.

(b)

The tax required by this section together with any other ad valorem tax imposed for the district 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 1057.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1057.htm#1057.202 (accessed Jun. 5, 2024).

1057.001
Definitions 1057.002
Authority for Creation 1057.003
Political Subdivision 1057.004
District Territory 1057.005
Correction of Invalid Procedures 1057.006
District Support and Maintenance Not State Obligation 1057.051
Board Appointment 1057.052
Officers 1057.053
Compensation 1057.054
Records of Proceedings 1057.055
District Administrator 1057.056
General Duties of District Administrator 1057.057
Employees 1057.058
Retirement Program 1057.059
Seal 1057.101
District Responsibility 1057.102
Restriction on Political Subdivision Taxation and Debt 1057.103
Management, Control, and Administration 1057.104
Hospital System 1057.105
Rules 1057.106
Leases 1057.107
Eminent Domain 1057.108
Gifts and Endowments 1057.109
Contracts with Governmental Entities for Care and Treatment 1057.110
Authority to Sue and Be Sued 1057.151
Auditor 1057.152
Depository 1057.153
Authority to Borrow Money 1057.201
General Obligation Bonds 1057.202
Tax to Pay General Obligation Bonds 1057.203
General Obligation Bond Election 1057.204
Maturity of General Obligation Bonds 1057.205
Execution of General Obligation Bonds 1057.206
Investment of General Obligation Bond Proceeds 1057.207
Revenue Bonds 1057.251
Imposition of Ad Valorem Tax 1057.252
Tax Rate 1057.253
Tax Assessor-collector

Accessed:
Jun. 5, 2024

§ 1057.202’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_1057.202

Original Source: Section 1057.202 — Tax to Pay General Obligation Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1057.htm#1057.202 (last accessed Jun. 5, 2024).