Sec. 3897.301. PROPERTY TAX AUTHORIZED. The district may impose an ad valorem tax on all taxable property in the district, including industrial, commercial, and residential property, to:
(1) pay for an improvement project of the types authorized by Section 52, Article III, and Section 59, Article XVI, Texas Constitution; or
(2) secure the payment of bonds issued for a purpose described by Subdivision (1).
Added by Acts 2011, 82nd Leg., R.S., Ch. 656 (S.B. 1184), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3897 - Timber Springs Municipal Management District
Section 3897.301. Property Tax Authorized
Section 3897.302. Taxes for Bonds and Other Obligations; Election
Section 3897.303. Maintenance and Operation Tax; Election
Section 3897.304. Use of Surplus Maintenance and Operation Money
Section 3897.305. Tax Abatement
Section 3897.306. Bonds and Other Obligations; Municipal Approval