Sec. 3838.204. AD VALOREM TAX. (a) If authorized at an election held in accordance with Section 3838.208, the district may impose an annual ad valorem tax on taxable property in the district 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.
(c) Section 54.601, Water Code, applies to the district.
Added by Acts 2005, 79th Leg., Ch. 444 (S.B. 1813), 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 3838 - Pearland Municipal Management District No. 1
Subchapter E. Financial Provisions
Section 3838.201. Disbursements and Transfers of Money
Section 3838.202. Authorization for Improvements or Services
Section 3838.203. Petition Required for Financing Services and Improvements
Section 3838.204. Ad Valorem Tax
Section 3838.205. Assessments; Liens for Assessments
Section 3838.206. Utility Property Exempt From Impact Fees and Assessments
Section 3838.207. Bonds and Other Obligations
Section 3838.208. Tax and Bond Elections
Section 3838.209. Municipality Not Required to Pay District Obligations