Section 1031.251 - 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 tax may be used to: (1) pay the interest on and create a sinking fund for warrants issued by the district for health care purposes;(2) pay for the maintenance and operation expenses of the district and health care system;(3) pay for indebtedness issued or assumed by the district;(4) make improvements and additions to the health care system; and(5) acquire necessary sites for the health care system by purchase, lease, or condemnation.(c) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under this chapter.Tex. Spec. Dist. Loc. Laws § 1031.251
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.