Tex. Spec. Dist. Local Laws Code Section 1108.202
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 imposed for the district may not in any year exceed 75 cents on each $100 valuation of all taxable property in the district subject to hospital district taxation.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Section 1108.202 — Tax to Pay General Obligation Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1108.­htm#1108.­202 (accessed Jun. 5, 2024).

1108.001
Definitions
1108.002
Authority for Operation
1108.003
Essential Public Function
1108.004
District Territory
1108.005
District Support and Maintenance Not State Obligation
1108.006
Restriction on State Financial Assistance
1108.051
Board Election
1108.052
Notice of Election
1108.053
Ballot Petition
1108.054
Qualifications for Office
1108.055
Board Vacancy
1108.056
Officers
1108.057
Compensation
1108.058
Quorum
1108.059
District Administrator
1108.060
General Duties of District Administrator
1108.061
Assistant District Administrator
1108.062
Appointment of Staff and Employees
1108.063
Retirement Benefits
1108.101
District Responsibility
1108.102
Management, Control, and Administration
1108.103
Hospital System
1108.104
Rules
1108.105
Purchasing and Accounting Procedures
1108.106
District Property, Facilities, and Equipment
1108.107
Eminent Domain
1108.108
Cost of Relocating or Altering Property
1108.109
Gifts and Endowments
1108.110
Construction Contracts
1108.111
Operating and Management Contracts
1108.112
Contracts with Governmental Entities for Services
1108.113
Payment for Treatment
1108.114
Reimbursement for Services
1108.115
Authority to Sue and Be Sued
1108.151
Budget
1108.152
Notice
1108.153
Amendments to Budget
1108.154
Restriction on Expenditures
1108.155
Fiscal Year
1108.156
Annual Audit
1108.157
Inspection of Annual Audit and District Records
1108.158
Financial Report
1108.159
Depository
1108.160
Spending and Investment Restrictions
1108.201
General Obligation Bonds
1108.202
Tax to Pay General Obligation Bonds
1108.203
General Obligation Bond Election
1108.204
Revenue Bonds
1108.205
Refunding Bonds
1108.206
Maturity of Bonds
1108.207
Execution of Bonds
1108.208
Bonds Exempt from Taxation
1108.251
Imposition of Ad Valorem Tax
1108.252
Tax Rate
1108.253
Tax Assessor-collector

Accessed:
Jun. 5, 2024

§ 1108.202’s source at texas​.gov