Texas § 49.259 TAXES OF COMPONENT DISTRICTS.

Texas Statutes

§ 49.259 — TAXES OF COMPONENT DISTRICTS.

Texas § 49.259

Code EDEducation Code

This text of Texas § 49.259 (TAXES OF COMPONENT DISTRICTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 49.259 (2026).

Text

Sec. 49.259. TAXES OF COMPONENT DISTRICTS.

(a)The governing board of a component school district of a consolidated taxing district that has consolidated for maintenance and operation purposes only may issue bonds and levy, pledge, and collect ad valorem taxes within that component district sufficient to pay the principal of and interest on those bonds as provided by Chapter 45 .

(b)A component district levying an ad valorem tax under this section or Section 49.260 (b)(1) is entitled to the guaranteed yield provided by Subchapter E , Chapter 48 , for that portion of its tax rate that, when added to the maintenance tax levied by the consolidated taxing unit, does not exceed the limitation provided by Section 48.203 . Transferred, redesignated and amended from Education Code, Subchapter F,

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 49.259. TAXES OF COMPONENT DISTRICTS. (a) The governing board of a component school district of a consolidated taxing district that has consolidated for maintenance and operation purposes only may issue bonds and levy, pledge, and collect ad valorem taxes within that component district sufficient to pay the principal of and interest on those bonds as provided by Chapter 45 .
(b) A component district levying an ad valorem tax under this section or Section 49.260 (b)(1) is entitled to the guaranteed yield provided by Subchapter E , Chapter 48 , for that portion of its tax rate that, when added to the maintenance tax levied by the consolidated taxing unit, does not exceed the limitation provided by Section 48.203 .
Transferred, redesignated and amended from Education Code, Subchapter F, Chapter 41 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3 ), Sec. 1.058, eff. September 1, 2019.