Sec. 3801.154. MAINTENANCE TAX. (a) If authorized at an election held in accordance with Section 3801.158, the district may impose an annual ad valorem tax on taxable property in the district to:
(1) maintain and operate the district and the improvements constructed or acquired by the district; or
(2) provide services to industrial or commercial businesses, residents, or property owners.
(b) The board shall determine the tax rate.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3801 - Houston Downtown Management District
Subchapter D. Financial Provisions
Section 3801.151. Petition Required for Financing Services and Improvements
Section 3801.152. Disbursements and Transfers of Money
Section 3801.153. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3801.154. Maintenance Tax
Section 3801.155. Assessments; Liens for Assessments
Section 3801.156. Prohibited Exemptions
Section 3801.157. Obligations; Approval by City of Houston