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§ 3886.153 — Texas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Texas/
  4. Special District Local Laws Code/
  5. Title 4 - Development and Improvement/
  6. Subtitle C - Development, Improvement, and Management/
  7. Chapter 3886 - Prosper Management District No. 1sub/
  8. Subchapter D - General Financial Provisions/
  9. § 3886.153
Texas Legal Code
(a) If authorized at an election held under Section 3886.151, the district may impose an operation and maintenance tax on taxable property in the district in accordance with Section 49.107, Water Code.(b) Except as provided by Subsection (c), the district may impose the tax for operation and maintenance purposes, including for:(1) planning, constructing, acquiring, maintaining, repairing, and operating all improvement projects, including land, plants, works, facilities, improvements, appliances, and equipment of the district; and(2) paying costs of services, engineering and legal fees, and organization and administrative expenses.(c) The district may not impose an operation and maintenance tax unless the maximum rate of the tax is approved by the governing body of the town and a majority of the voters of the district voting at an election held for that purpose. If the maximum tax rate is approved, the board may impose the tax at any rate that does not exceed the approved rate.(d) An operation and maintenance tax election may be held at the same time and in conjunction with any other district election.

d may impose the tax at any rate that does not exceed the approved rate.(d) An operation and maintenance tax election may be held at the same time and in conjunction with any other district election. The election may be called by a separate election order or as part of any other election order. Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.

§ 3886.153

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