Sec. 3918.0503. OPERATION AND MAINTENANCE TAX. (a) If authorized by a majority of the district voters voting at an election under Section 3918.0502, the district may impose an operation and maintenance tax on taxable property in the district in the manner provided by Section 49.107, Water Code, for any district purpose, including to:
(1) maintain and operate the district;
(2) construct or acquire improvements; or
(3) provide a service.
(b) The board shall determine the operation and maintenance tax rate. The rate may not exceed the rate approved at the election.
Added by Acts 2021, 87th Leg., R.S., Ch. 990 (H.B. 4638), Sec. 1, eff. January 1, 2022.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3918 - Leander Municipal Management District No. 1
Section 3918.0501. Bonds and Other Obligations
Section 3918.0502. Tax Election Required
Section 3918.0503. Operation and Maintenance Tax
Section 3918.0504. Bonds Secured by Revenue or Contract Payments
Section 3918.0505. Bonds Secured by Ad Valorem Taxes; Elections
Section 3918.0506. Written Agreement Regarding Special Appraisals
Section 3918.0507. Exemption From Certain Supervision and Approval Requirements