Sec. 3869.155. MAINTENANCE AND OPERATION TAX; ELECTION. (a) To the extent authorized by a project development agreement entered into under Section 3869.160, the district may impose a tax for maintenance and operation purposes, including for:
(1) planning, constructing, acquiring, maintaining, repairing, and operating all improvement projects, including land, plants, works, facilities, improvements, appliances, and equipment of the district; and
(2) paying costs of services, engineering and legal fees, and organization and administrative expenses.
(b) The district may not impose a maintenance and operation tax unless the maintenance and operation tax is approved by a majority of the district voters voting at an election held for that purpose. The proposition in a maintenance and operation tax election may be for a specific maximum rate or for an unlimited rate. If a maximum tax rate is approved, the board may impose the tax at any rate that does not exceed the approved rate.
(c) A maintenance and operation tax election may be held at the same time and in conjunction with any other district election. The election may be called by a separate election order or as part of any other election order.
Added by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3869 - Padre Island Gateway Municipal Management District
Subchapter D. General Financial Provisions
Section 3869.151. General Powers Regarding Financial Matters
Section 3869.152. Borrowing Money
Section 3869.153. Impact Fees and Assessments; Exemption
Section 3869.154. Certain Residential Property Not Exempt
Section 3869.155. Maintenance and Operation Tax; Election
Section 3869.156. Use of Surplus Maintenance and Operation Money
Section 3869.157. Bonds and Other Obligations; Municipal Approval
Section 3869.158. Bond Maturity