Sec. 383.105. USE OF TAX. Taxes collected under this subchapter may be used only for the purposes for which the district was created, and the district may pledge the revenue derived from the taxes imposed under this subchapter to the payment of bonds issued by the district.
Added by Acts 1995, 74th Leg., ch. 995, Sec. 5, eff. Sept. 1, 1995. Renumbered from Tax Code Sec. 312.637(g) and amended by Acts 1997, 75th Leg., ch. 165, Sec. 23.05, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle B - County Planning and Development
Chapter 383 - County Development Districts
Subchapter F. Sales and Use Tax
Section 383.101. Sales and Use Tax
Section 383.102. Imposition, Computation, Administration, and Governance of Tax