Sec. 3809.154. MAINTENANCE TAX. (a) If authorized at an election held in accordance with Section 3809.158, 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 a service.
(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 3809 - Midtown Management District
Subchapter D. Financial Provisions
Section 3809.151. Petition Required for Financing Services and Improvements
Section 3809.152. Disbursements and Transfers of Money
Section 3809.153. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3809.154. Maintenance Tax
Section 3809.155. Assessments; Liens for Assessments
Section 3809.156. Utility Property Exempt From Assessments and Impact Fees
Section 3809.157. Certain Residential Property Not Exempt
Section 3809.158. Elections Regarding Taxes or Bonds
Section 3809.159. Municipality Not Required to Pay District Obligations