Sec. 36.020. BOND AND TAX PROPOSAL. (a) At an election to create a district, the temporary directors may include a proposition for the issuance of bonds or notes, the levy of taxes to retire all or part of the bonds or notes, and the levy of a maintenance tax. The maintenance tax rate may not exceed 50 cents on each $100 of assessed valuation.
(b) The board shall include in any bond and tax proposition the maximum amount of bonds or notes to be issued and their maximum maturity date.
Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle E - Groundwater Management
Chapter 36 - Groundwater Conservation Districts
Subchapter B. Creation of District
Section 36.011. Method of Creating District
Section 36.012. Composition of District
Section 36.013. Petition to Create District
Section 36.014. Notice and Public Meeting on District Creation
Section 36.015. Commission Certification and Order
Section 36.0151. Creation of District for Priority Groundwater Management Area
Section 36.016. Appointment of Temporary Directors
Section 36.017. Confirmation and Directors' Election for District in a Management Area
Section 36.018. Inclusion of Municipality
Section 36.019. Confirmation Election in District Including Land in More Than One County