Sec. 1001.352. TAX TO PAY GENERAL OBLIGATION BONDS. (a) The governing body shall impose an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on the general obligation bonds as the bonds 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 each $100 valuation of all taxable property in the district.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1001 - City of Amarillo Hospital District
Section 1001.351. General Obligation Bonds
Section 1001.352. Tax to Pay General Obligation Bonds
Section 1001.353. General Obligation Bond Election
Section 1001.354. Execution of General Obligation Bonds
Section 1001.355. Investment of General Obligation Bond Proceeds
Section 1001.356. Revenue Bonds
Section 1001.357. Payment of Revenue Bonds; Security
Section 1001.358. Use of Revenue Bond Proceeds
Section 1001.359. Charge for Occupancy or Use of Hospital Facility