Sec. 3835.156. AD VALOREM TAX. (a) If authorized at an election held in accordance with Section 3835.160, the district may impose an annual ad valorem tax on taxable property in the district for any district purpose, including to:
(1) promote economic development;
(2) maintain and operate the district;
(3) construct or acquire improvements; or
(4) provide a service.
(b) The board shall determine the tax rate.
Added by Acts 2005, 79th Leg., Ch. 894 (S.B. 1820), Sec. 1, eff. June 17, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3835 - West Fort Bend Management District
Subchapter D. Financial Provisions
Section 3835.151. Disbursements and Transfers of Money
Section 3835.152. Money Used for Improvements or Services
Section 3835.153. Petition Required for Financing Services and Improvements With Assessments
Section 3835.154. Method of Notice for Hearing
Section 3835.155. Assessments; Liens for Assessments
Section 3835.156. Ad Valorem Tax
Section 3835.157. Property Exempt From Impact Fees or Assessments
Section 3835.158. Bonds and Other Obligations
Section 3835.159. Taxes for Bonds and Other Obligations
Section 3835.160. Tax and Bond Elections
Section 3835.161. Cities Not Required to Pay District Obligations