(a) The board may impose a tax on all property in the district subject to district taxation.(b) The tax may be used to pay:(1) indebtedness issued or assumed by the district; and(2) the maintenance and operating expenses of the district.(c) The board may not impose a tax to pay the principal of or interest on revenue bonds. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Texas Legal Code