Sec. 3849.157. AD VALOREM TAX. (a) If authorized at an election held in accordance with Section 3849.162, 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. The rate may not exceed the rate approved at the election.
Added by Acts 2007, 80th Leg., R.S., Ch. 949 (H.B. 4004), 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 3849 - International Management District
Subchapter D. Financial Provisions
Section 3849.151. Disbursements and Transfers of Money
Section 3849.152. Money Used for Improvements or Services
Section 3849.153. Petition Required for Financing Services and Improvements With Assessments
Section 3849.154. Method of Notice for Hearing
Section 3849.155. Assessments; Liens for Assessments
Section 3849.156. Assessments Considered Taxes
Section 3849.157. Ad Valorem Tax
Section 3849.158. Utility Property Exempt From Impact Fees and Assessments
Section 3849.159. Use of Electrical or Optical Lines
Section 3849.160. Bonds and Other Obligations
Section 3849.161. Taxes for Bonds and Other Obligations
Section 3849.162. Tax and Bond Elections
Section 3849.163. City of Houston Not Required to Pay District Obligations