Sec. 1477.008. IMPOSITION OF TAX. (a) The commissioners court may annually impose ad valorem taxes to pay the principal of and interest on bonds issued under this subchapter that are payable in whole or in part from ad valorem taxes only if the taxes are approved at an election held under Section 1477.004.
(b) The commissioners court may not impose ad valorem taxes to pay the principal of or interest on bonds issued under this subchapter payable wholly from revenue from one or more leases or other contracts made under this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1477 - Obligations for Other County Purposes
Subchapter A. Bonds for Facilities to Be Leased to Public or Private Entities
Section 1477.001. Authority to Acquire Property for Lease to Public or Private Entity
Section 1477.002. Authority to Issue Bonds
Section 1477.003. Bond Payments From Revenue or Taxes
Section 1477.004. Election Required to Secure Bonds With Taxes
Section 1477.005. Contents of Ordinance, Order, or Resolution Authorizing Bonds
Section 1477.006. Adoption and Execution of Documents
Section 1477.008. Imposition of Tax
Section 1477.009. Grants for Prisons or Law Enforcement Facilities Not Prohibited