- (a) The board may impose a tax on all property in the district subject to district taxation.
(b) The tax may be used to pay:
- (1) indebtedness issued or assumed by the district; and
- (2) the maintenance and operating expenses of the district.
- (c) The board may not impose a tax to pay the principal of or interest on revenue bonds.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.