Sec. 5010.0407. AD VALOREM TAX FOR MAINTENANCE AND OPERATIONS. The district may impose an annual ad valorem tax at a rate not to exceed 10 cents on each $100 valuation of taxable property in the district for the maintenance, operation, and upkeep of the district and the port facilities, properties, and improvements constructed by the district.
Added by Acts 2019, 86th Leg., R.S., Ch. 495 (H.B. 4666), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Navigation Districts and Port Authorities
Chapter 5010 - Port of Beaumont Navigation District of Jefferson County, Texas
Subchapter D. General Financial Provisions
Section 5010.0401. Depository; Deposit and Use of District Money; Report
Section 5010.0402. Accounts, Contracts, and Other Records; Public Inspection
Section 5010.0403. Filing Copies of Audit Report
Section 5010.0404. Procedure for Distribution of Money
Section 5010.0405. Authority to Borrow Money, Accept Grants, and Issue Associated Bonds
Section 5010.0406. Authority to Borrow Money for Current Expenses; Evidence of Obligation
Section 5010.0407. Ad Valorem Tax for Maintenance and Operations
Section 5010.0408. Imposition of District Tax by Commissioners Court