Texas § 1053.252 TAX TO PAY GENERAL OBLIGATION BONDS.

Texas Statutes

§ 1053.252 — TAX TO PAY GENERAL OBLIGATION BONDS.

Texas § 1053.252

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1053.252 (2026).

Text

Sec. 1053.252. TAX TO PAY GENERAL OBLIGATION BONDS.

(a)An ad valorem tax shall be imposed on all property in the district subject to district taxation at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on general obligation bonds issued under Section 1053.251 as the bonds mature.

(b)The tax required by this section together with any other ad valorem tax imposed for the district may not in any year exceed 75 cents on each $100 valuation of all taxable property in the district.

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Sec. 1053.252. TAX TO PAY GENERAL OBLIGATION BONDS. (a) An ad valorem tax shall be imposed on all property in the district subject to district taxation at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on general obligation bonds issued under Section 1053.251 as the bonds mature.
(b) The tax required by this section together with any other ad valorem tax imposed for the district may not in any year exceed 75 cents on each $100 valuation of all taxable property in the district.