Section 1029.251 - Imposition of Ad Valorem Tax(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;(2) provide for operation and maintenance of the hospital system;(3) make improvements and additions to the hospital system; and(4) acquire necessary sites by purchase, lease, or condemnation.Tex. Spec. Dist. Loc. Laws § 1029.251
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.