Sec. 3874.155. MAINTENANCE AND OPERATION TAX; ELECTION. (a) 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, including expenses of the city payable under the terms of the project development agreement described by Section 3874.160.
(b) The district may not impose a maintenance and operation tax for improvement projects under this chapter unless the imposition of the tax is approved by the voters of the district voting at an election held for that purpose. An election may be called only on receipt of a petition as provided by Section 3874.151(b).
(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. 586 (S.B. 2466), 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 3874 - Cypress Waters Municipal Management District
Subchapter D. General Financial Provisions
Section 3874.151. General Powers Regarding Financial Matters
Section 3874.152. Borrowing Money
Section 3874.153. Assessments; Exemption
Section 3874.154. Residential Property Exempt
Section 3874.155. Maintenance and Operation Tax; Election
Section 3874.156. Use of Surplus Maintenance and Operation Money
Section 3874.157. Bonds and Other Obligations
Section 3874.158. Bond Maturity
Section 3874.159. Taxes for Bonds and Other Obligations
Section 3874.160. Development and Operating Agreement Required