Tex. Spec. Dist. Local Laws Code Section 1086.202
Tax to Pay General Obligation Bonds


(a)

At the time general obligation bonds are issued by the district, 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 the bonds as the bonds mature.

(b)

The tax required by this section together with any other ad valorem tax the district imposes may not in any year exceed the limit approved by the voters at the election authorizing the imposition of the tax.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Section 1086.202 — Tax to Pay General Obligation Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1086.­htm#1086.­202 (accessed May 4, 2024).

1086.001
Definitions
1086.002
Authority for Operation
1086.003
Essential Public Function
1086.004
District Territory
1086.005
District Support or Maintenance Not State Obligation
1086.006
Restriction on State Financial Assistance
1086.051
Board Election and Appointment
1086.052
Notice of Election
1086.053
Ballot Petition
1086.054
Qualifications for Office
1086.055
Bond
1086.056
Board Vacancy
1086.057
Officers
1086.058
Compensation
1086.059
Voting Requirement
1086.060
District Administrator
1086.061
General Duties of District Administrator
1086.062
Assistant District Administrator
1086.063
Appointment of Staff and Employees
1086.064
Retirement Benefits
1086.101
District Responsibility
1086.102
Restriction on Governmental Entity Taxation and Debt
1086.103
Management, Control, and Administration
1086.104
Rules
1086.105
Purchasing and Accounting Procedures
1086.106
Mobile Emergency Medical Service
1086.107
District Property, Facilities, and Equipment
1086.108
Eminent Domain
1086.109
Cost of Relocating or Altering Property
1086.110
Gifts and Endowments
1086.111
Construction Contracts
1086.112
Operating and Management Contracts
1086.113
Contracts with Governmental Entities for Services
1086.114
Payment for Treatment
1086.115
Reimbursement for Services
1086.116
Authority to Sue and Be Sued
1086.151
Budget
1086.152
Notice
1086.153
Amendments to Budget
1086.154
Restriction on Expenditures
1086.155
Fiscal Year
1086.156
Annual Audit
1086.157
Inspection of Annual Audit and District Records
1086.158
Financial Report
1086.159
Depository
1086.160
Spending and Investment Restrictions
1086.201
General Obligation Bonds
1086.202
Tax to Pay General Obligation Bonds
1086.203
General Obligation Bond Election
1086.204
Revenue Bonds
1086.205
Refunding Bonds
1086.206
Maturity of Bonds
1086.207
Execution of Bonds
1086.208
Bonds Exempt from Taxation
1086.251
Imposition of Ad Valorem Tax
1086.252
Tax Rate
1086.253
Tax Assessor-collector

Accessed:
May 4, 2024

§ 1086.202’s source at texas​.gov