Section 1087.251 - 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 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.Tex. Spec. Dist. Loc. Laws § 1087.251
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.01, eff. 4/1/2015.