Sec. 5018.0155. AD VALOREM TAX FOR MAINTENANCE AND OPERATIONS; ELECTION PROCEDURE. (a) The district may impose an annual ad valorem tax at a rate not to exceed 15 cents on each $100 valuation of taxable property in the district for the maintenance, operation, and upkeep of the district and the facilities, properties, and improvements constructed or acquired by the district.
(b) Elections may be held to increase, reduce, or abate a tax imposed under this section, subject to the limit prescribed by Subsection (a).
(c) A maintenance tax election must be held in the same manner as a bond election.
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 5018 - Orange County Navigation and Port District of Orange County, Texas
Subchapter D. General Financial Provisions
Section 5018.0152. Accounts, Contracts, and Other Records; Public Inspection
Section 5018.0153. Authority to Borrow Money, Accept Grants, and Issue Associated Bonds
Section 5018.0154. Authority to Borrow Money for Current Expenses; Evidence of Obligation
Section 5018.0155. Ad Valorem Tax for Maintenance and Operations; Election Procedure
Section 5018.0156. Imposition of Taxes; Tax Certification; Tax Assessor-Collector