Sec. 3840.156. AD VALOREM TAX. (a) If authorized at an election held in accordance with Section 3840.160, the district may impose an annual ad valorem tax on taxable property in the district for any district purpose, including to:
(1) maintain and operate the district;
(2) construct or acquire improvements; or
(3) provide a service.
(b) The board shall determine the tax rate.
Added by Acts 2007, 80th Leg., R.S., Ch. 1344 (S.B. 1984), Sec. 1, eff. June 15, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3840 - Spectrum Management District
Subchapter D. Financial Provisions
Section 3840.151. Disbursements and Transfers of Money
Section 3840.152. Money Used for Improvements or Services
Section 3840.153. Petition Required for Financing Services and Improvements With Assessments
Section 3840.154. Method of Notice for Hearing
Section 3840.155. Assessments; Liens for Assessments
Section 3840.156. Ad Valorem Tax
Section 3840.157. Utility Property Exempt From Impact Fees or Assessments
Section 3840.158. Bonds and Other Obligations
Section 3840.159. Taxes for Bonds and Other Obligations
Section 3840.160. Tax and Bond Elections
Section 3840.161. Municipality Not Required to Pay District Obligations