Texas § 9051.255 BONDS PAYABLE FROM AD VALOREM TAXES; TAX RATE.

Texas Statutes

§ 9051.255 — BONDS PAYABLE FROM AD VALOREM TAXES; TAX RATE.

Texas § 9051.255

Code SDSpecial District Local Laws Code

This text of Texas § 9051.255 (BONDS PAYABLE FROM AD VALOREM TAXES; TAX RATE.) 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. § 9051.255 (2026).

Text

Sec. 9051.255. BONDS PAYABLE FROM AD VALOREM TAXES; TAX RATE.

(a)If bonds are issued payable wholly or partly from ad valorem taxes, the board shall impose a tax sufficient to pay the bonds and the interest on the bonds as the bonds and interest become due.

(b)The board may adopt the rate of a tax imposed under Subsection (a) for any year after giving consideration to the money received from the pledged revenue that may be available for payment of principal and interest to the extent and in the manner permitted by the resolution authorizing the issuance of the bonds.

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Sec. 9051.255. BONDS PAYABLE FROM AD VALOREM TAXES; TAX RATE. (a) If bonds are issued payable wholly or partly from ad valorem taxes, the board shall impose a tax sufficient to pay the bonds and the interest on the bonds as the bonds and interest become due.
(b) The board may adopt the rate of a tax imposed under Subsection (a) for any year after giving consideration to the money received from the pledged revenue that may be available for payment of principal and interest to the extent and in the manner permitted by the resolution authorizing the issuance of the bonds.