Sec. 3870.152. OPERATION AND MAINTENANCE TAX. (a) If authorized at an election held under Section 3870.151, the district may impose an operation and maintenance tax on taxable property in the district as provided by Section 49.107, Water Code.
(b) The board shall determine the tax rate. The rate may not exceed the rate approved at the election.
Added by Acts 2009, 81st Leg., R.S., Ch. 245 (S.B. 2470), Sec. 1, eff. September 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3870 - Maverick Improvement District of Palo Pinto County
Subchapter D. General Financial Provisions
Section 3870.151. Elections Regarding Taxes or Bonds
Section 3870.152. Operation and Maintenance Tax
Section 3870.153. Contract Taxes
Section 3870.154. Powers of County Development District
Section 3870.155. Sales and Use Tax; Election