Sec. 3901.256. USE OF REVENUE. Revenue from the sales and use tax imposed under this subchapter is for the use and benefit of the district and may be used for any district purpose. The district may pledge all or part of the revenue to the payment of bonds, notes, or other obligations, and that pledge of revenue may be in combination with other revenue, including tax revenue, available to the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 861 (H.B. 3842), 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 3901 - Bridgeland Management District
Subchapter E. Sales and Use Tax
Section 3901.251. Applicability of Certain Tax Code Provisions
Section 3901.252. Election; Adoption of Tax
Section 3901.253. Sales and Use Tax Rate
Section 3901.254. Tax After Annexation
Section 3901.255. Notification of Rate Change