Texas § 5003.102 AD VALOREM TAXES; BOND ELECTION.

Texas Statutes

§ 5003.102 — AD VALOREM TAXES; BOND ELECTION.

Texas § 5003.102

Code SDSpecial District Local Laws Code

This text of Texas § 5003.102 (AD VALOREM TAXES; BOND ELECTION.) 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. § 5003.102 (2026).

Text

Sec. 5003.102. AD VALOREM TAXES; BOND ELECTION.

(a)If authorized by a majority vote of the port authority voters voting at an election held in the manner provided for a bond election under Subchapter F , Chapter 62 , Water Code, the Commissioners Court of Calhoun County may:

(1)impose maintenance taxes; or

(2)issue tax bonds and impose taxes to pay for the bonds.

(b)The commissioners court shall impose the tax for:

(1)the maintenance of the port authority and its property, including facilities; and

(2)the payment of the principal of and interest on all bonds or other indebtedness issued by the port authority.

(c)The maximum tax rate for both maintenance and indebtedness purposes may not exceed a total of 15 cents on each $100 of taxable property in the port authority.

(d)The Calhou

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Sec. 5003.102. AD VALOREM TAXES; BOND ELECTION. (a) If authorized by a majority vote of the port authority voters voting at an election held in the manner provided for a bond election under Subchapter F , Chapter 62 , Water Code, the Commissioners Court of Calhoun County may:
(1) impose maintenance taxes; or
(2) issue tax bonds and impose taxes to pay for the bonds.
(b) The commissioners court shall impose the tax for:
(1) the maintenance of the port authority and its property, including facilities; and
(2) the payment of the principal of and interest on all bonds or other indebtedness issued by the port authority.
(c) The maximum tax rate for both maintenance and indebtedness purposes may not exceed a total of 15 cents on each $100 of taxable property in the port authority.
(d) The Calhoun County tax assessor-collector shall assess and collect taxes imposed under this section.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.04, eff. April 1, 2009. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 21.063, eff. September 1, 2009.