Texas Statutes
§ 1002.302 — TAXES TO PAY GENERAL OBLIGATION BONDS.
Texas § 1002.302
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 1002.302 (TAXES TO PAY GENERAL OBLIGATION BONDS.) 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. Special District Local Laws Code Code Ann. § 1002.302 (2026).
Text
Sec. 1002.302. TAXES TO PAY GENERAL OBLIGATION BONDS.
(a)The board shall impose an annual ad valorem tax in an amount sufficient to create an interest and sinking fund to pay the principal of and interest on the general obligation bonds as they mature.
(b)The tax required by this section together with any other tax the district imposes in any year may not exceed 75 cents on the $100 valuation of all taxable property in the district.
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Legislative History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Nearby Sections
15
§ 1002.001
DEFINITIONS.§ 1002.002
AUTHORITY FOR CREATION.§ 1002.003
POLITICAL SUBDIVISION.§ 1002.004
DISTRICT TERRITORY.§ 1002.005
CORRECTION OF INVALID PROCEDURES.§ 1002.051
BOARD OF DIRECTORS; ELECTION.§ 1002.052
BOND; RECORD OF BOND AND OATH OF OFFICE.§ 1002.053
BOARD VACANCY.§ 1002.054
OFFICERS.§ 1002.055
COMPENSATION; REIMBURSEMENT.§ 1002.056
VOTING REQUIREMENT.§ 1002.057
RECRUITMENT OF STAFF AND EMPLOYEES.§ 1002.058
OFFICE FACILITIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1002.302, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/1002.302.