Tex. Spec. Dist. Local Laws Code Section 8150.252
Taxes for Bonds and Other Obligations

At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct annual ad valorem tax, without limit as to rate or amount, while all or part of the bonds are outstanding as required and in the manner provided by Sections 54.601 (Tax Levy for Bonds) and 54.602 (Establishment of Tax Rate in Each Year), Water Code.

Added by Acts 2005, 79th Leg., Ch. 1175 (H.B. 3554), Sec. 1, eff. June 18, 2005.

Amended by:

Acts 2011, 82nd Leg., R.S., Ch. 1265 (S.B. 1880), Sec. 14, eff. June 17, 2011.

Source: Section 8150.252 — Taxes for Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8150.htm#8150.252 (accessed Apr. 20, 2024).

8150.001
Definitions 8150.002
Nature of District 8150.003
Findings of Benefit and Public Purpose 8150.004
Initial District Territory 8150.005
Construction of Chapter 8150.006
Conflict of Law 8150.0025
Declaration of Intent 8150.0035
Finding on Sports and Community Venues 8150.051
Directors 8150.052
Appointment of Directors 8150.053
Vacancies 8150.101
General Powers and Duties 8150.102
Municipal Utility District Powers and Duties 8150.103
Tax Increment Reinvestment Zone 8150.104
No Eminent Domain Power 8150.105
Development Corporation Powers 8150.106
Nonprofit Corporation 8150.107
Membership in Charitable Organizations 8150.108
Economic Development 8150.109
Parking Facilities 8150.110
Sports and Community Venue Facilities 8150.151
Road Projects 8150.152
Joint Road Projects 8150.153
Reimbursement for Road Project 8150.201
Elections Regarding Taxes or Bonds 8150.202
Operation and Maintenance Tax 8150.203
Contract Taxes 8150.204
Money Used for Improvements or Services 8150.205
Petition Required for Financing Services and Improvements with Assessments 8150.206
Method of Notice for Hearing 8150.207
Assessments 8150.208
Tax and Assessment Abatements 8150.251
Authority to Issue Bonds and Other Obligations 8150.252
Taxes for Bonds and Other Obligations 8150.254
Bonds Payable from Revenue from Certain Contracts 8150.257
Approval of Certain Bonds by Texas Commission on Environmental Quality 8150.1025
Municipal Management District Projects and Services

Accessed:
Apr. 20, 2024

§ 8150.252’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8150.252

Original Source: Section 8150.252 — Taxes for Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8150.htm#8150.252 (last accessed Apr. 20, 2024).