(a) The board shall impose a tax on all property in the district subject to district taxation.(b) The tax may be used to pay:(1) the general obligation bonds issued and the indebtedness assumed by the district; and(2) district maintenance and operating expenses.(c) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under this chapter. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Texas Legal Code