Sec. 775.075. REDUCTION OF AD VALOREM TAX RATE. (a) The qualified voters of a district may petition in the manner provided by Sections 775.052 through 775.054 for dissolution of a district to reduce the ad valorem tax rate of the district.
(b) The petition must state the new tax rate desired by the voters.
(c) The tax rate may not be reduced below the rate needed to pay any outstanding bonded indebtedness.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1989, 71st Leg., 1st C.S., ch. 40, Sec. 2, eff. Sept. 1, 1989.
Structure Texas Statutes
Chapter 775 - Emergency Services Districts
Subchapter E. Finances and Bonds
Section 775.071. Limitation on Indebtedness
Section 775.0735. Disposition of Property
Section 775.074. Ad Valorem Tax
Section 775.0745. Election to Increase Tax Rate
Section 775.075. Reduction of Ad Valorem Tax Rate
Section 775.0751. Sales and Use Tax
Section 775.0752. Sales and Use Tax Election Procedures
Section 775.0753. Sales and Use Tax Effective Date; Boundary Change
Section 775.0754. Sales and Use Tax Agreement With Municipality After Annexation
Section 775.076. Bonds and Notes Authorized
Section 775.077. Election to Approve Bonds and Notes
Section 775.078. Bond Anticipation Notes
Section 775.082. Audit of District in Less Populous Counties
Section 775.0821. Alternative to Audit of District in Less Populous Counties
Section 775.0825. Audit of District in Certain Populous Counties
Section 775.083. Annual Report
Section 775.084. Competitive Bids
Section 775.085. Loan for Real Property or Emergency Services Equipment