Sec. 3973.0503. CONTRACT TAXES. (a) In accordance with Section 49.108, Water Code, the district may impose a tax other than an operation and maintenance tax and use the revenue derived from the tax to make payments under a contract after the provisions of the contract have been approved by a majority of the district voters voting at an election held for that purpose.
(b) A contract approved by the district voters may contain a provision stating that the contract may be modified or amended by the board without further voter approval.
Added by Acts 2019, 86th Leg., R.S., Ch. 1255 (H.B. 4653), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3973 - Tarkington Management District No. 1 of Liberty County
Section 3973.0501. Elections Regarding Taxes and Bonds
Section 3973.0502. Operation and Maintenance Tax
Section 3973.0503. Contract Taxes
Section 3973.0504. Authority to Borrow Money and to Issue Bonds and Other Obligations