- (a) On final approval of the annual budget, the board shall impose a tax on all property in the district subject to district taxation.
(b) The board shall impose the tax to:
- (1) pay the interest on and create a sinking fund for bonds issued or assumed by the district for hospital purposes as provided by this chapter;
- (2) provide for the operation and maintenance of the hospital or hospital system;
- (3) make improvements and additions to the district's hospital system; and
- (4) acquire necessary sites for improvements or additions by purchase, lease, or condemnation.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.