Sec. 172.255. APPLICABILITY OF PUBLIC PROPERTY FINANCING LAW; PROHIBITION ON AD VALOREM TAX. A district may use the procedures provided by Chapter 271, Local Government Code, to finance the district's rail facilities, except to the extent of a conflict with this chapter, and except that the district may not impose an ad valorem tax.
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.
Structure Texas Statutes
Subtitle I - Special Districts
Chapter 172 - Rural Rail Transportation Districts
Subchapter F. Financial Provisions
Section 172.252. Annual Budget
Section 172.253. Grants and Loans
Section 172.255. Applicability of Public Property Financing Law; Prohibition on Ad Valorem Tax
Section 172.256. Nonnegotiable Purchase Money Notes; Bond Anticipation Notes