Sec. 3967.0606. 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 2019, 86th Leg., R.S., Ch. 1254 (H.B. 4644), Sec. 1, eff. June 14, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3967 - Wood Trace Management District of Montgomery County, Texas
Subchapter F. Sales and Use Tax
Section 3967.0601. Applicability of Certain Tax Code Provisions
Section 3967.0602. Election; Adoption of Tax
Section 3967.0603. Sales and Use Tax Rate
Section 3967.0604. Tax After Municipal Annexation
Section 3967.0605. Notification of Rate Change