Sec. 1102.202. TAX TO PAY GENERAL OBLIGATION BONDS. (a) The board 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 general obligation bonds issued under Section 1102.201 as the bonds mature.
(b) The tax required by this section together with any other ad valorem tax imposed for the district may not in any year exceed 75 cents on each $100 valuation of taxable property in the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1102 - Sweeny Hospital District
Section 1102.201. General Obligation Bonds
Section 1102.202. Tax to Pay General Obligation Bonds
Section 1102.203. General Obligation Bond Election
Section 1102.204. Execution of General Obligation Bonds
Section 1102.205. Revenue Bonds
Section 1102.206. Additional Means of Securing Repayment of Bonds