Texas § 8848.151 LIMITATION ON TAX RATE FOR DEBT.

Texas Statutes

§ 8848.151 — LIMITATION ON TAX RATE FOR DEBT.

Texas § 8848.151

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 8848.151 (2026).

Text

Sec. 8848.151. LIMITATION ON TAX RATE FOR DEBT. The district may impose an ad valorem tax at a rate not to exceed 20 cents for each $100 of assessed valuation to pay any part of the bonds or notes issued by the district if a majority of the voters approve:

(1)the authority to impose the tax at the confirmation election; or

(2)that authority at a separate election called for that purpose by the board.

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Sec. 8848.151. LIMITATION ON TAX RATE FOR DEBT. The district may impose an ad valorem tax at a rate not to exceed 20 cents for each $100 of assessed valuation to pay any part of the bonds or notes issued by the district if a majority of the voters approve:
(1) the authority to impose the tax at the confirmation election; or
(2) that authority at a separate election called for that purpose by the board.