Tex. Special District Local Laws Code § 1002.302
This is the official text of Tex. Special District Local Laws Code § 1002.302, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 1002.302. TAXES TO PAY GENERAL OBLIGATION BONDS.
Official statutory text
(a) The board shall impose an annual ad valorem tax in an amount sufficient to create an interest and sinking fund to pay the principal of and interest on the general obligation bonds as they mature.
(b) The tax required by this section together with any other tax the district imposes in any year may not exceed 75 cents on the $100 valuation of all taxable property in the district.
(b) The tax required by this section together with any other tax the district imposes in any year may not exceed 75 cents on the $100 valuation of all taxable property in the district.
Status: in_force · Read it on the official government site
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