Sec. 3801.158. ELECTIONS REGARDING TAXES OR BONDS. (a) In addition to the elections required under Subchapter L, Chapter 375, Local Government Code, the district must hold an election in the manner provided by that subchapter to obtain voter approval before the district may:
(1) impose a maintenance tax; or
(2) issue a bond payable from ad valorem taxes or assessments.
(b) The board may submit multiple purposes in a single proposition at an election.
(c) The board may not call an election under this chapter unless a written petition requesting an election has been filed with the board. The petition must be signed by:
(1) the owners of a majority of the assessed value of real property in the district according to the most recent certified tax appraisal roll for Harris County; or
(2) at least 50 owners of land in the district, if more than 50 persons own property in the district as determined by the most recent certified tax appraisal roll for Harris County.
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