Sec. 3906.252. PROPERTY TAX AUTHORIZED. The district may impose an ad valorem tax on all taxable property in the district to:
(1) pay for an improvement project of the types authorized by Section 52(b), 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. 1269 (S.B. 1922), 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 3906 - Port Isabel Improvement District No. 1
Section 3906.251. Tax Abatement
Section 3906.252. Property Tax Authorized
Section 3906.253. Maintenance and Operation Tax; Election
Section 3906.254. Use of Surplus Maintenance and Operation Money
Section 3906.255. Bonds and Other Obligations; Municipal Approval
Section 3906.256. Issuance and Approval of Obligation Powers
Section 3906.257. Bond Maturity
Section 3906.258. Taxes for Bonds and Other Obligations
Section 3906.259. Authority to Establish Defined Areas or Designated Property