Sec. 5012.0152. TAX ASSESSOR AND COLLECTOR. (a) The commission shall appoint a tax assessor and collector.
(b) The tax assessor and collector shall execute a bond in an amount set by the commission that is:
(1) at least twice the average daily balance of the authority in its depository for the preceding year; and
(2) not more than the estimated amount of revenues of the authority for any year.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Navigation Districts and Port Authorities
Chapter 5012 - Sabine Pass Port Authority
Subchapter D. General Financial Provisions
Section 5012.0151. Maintenance and Operations Tax
Section 5012.0152. Tax Assessor and Collector
Section 5012.0153. Authority to Borrow Money, Accept Grants, and Issue Associated Revenue Bonds
Section 5012.0154. Authority to Borrow Money for Current Expenses; Evidence of Obligation