(a) On final approval of the annual budget, the board shall impose a tax on all property in the district subject to district taxation.(b) The board shall impose the tax to:(1) pay the interest on and create a sinking fund for bonds issued or assumed by the district for hospital purposes;(2) provide for operation and maintenance of the hospital system;(3) make improvements and additions to the hospital system; and(4) acquire necessary sites by purchase, lease, or condemnation. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Texas Legal Code