Sec. 1509.161. IMPOSITION OF TAX. (a) The governing body of the municipality may annually impose ad valorem taxes to pay bonds issued under this subchapter that are payable in whole or in part from ad valorem taxes.
(b) The governing body may not impose ad valorem taxes to pay the principal of or interest on bonds issued under this subchapter payable wholly from revenue from a garbage reclamation project.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1509 - Obligations for Other Municipal Purposes
Subchapter D. Bonds for Garbage Reclamation Projects
Section 1509.152. Authority for Garbage Reclamation Projects
Section 1509.153. Authority to Issue Bonds
Section 1509.154. Bond Payments From Revenue or Taxes
Section 1509.155. Additional Security
Section 1509.157. Ballot Proposition
Section 1509.158. Contents of Order or Resolution Authorizing Bonds
Section 1509.159. Adoption and Execution of Documents
Section 1509.161. Imposition of Tax