Sec. 9502.0302. TAXES AND BONDS. (a) The district must hold an election in the manner provided by Chapter 49, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.
(b) The board may impose the tax at a rate not to exceed 5 cents on each $100 valuation.
(c) The district, without an election, may issue bonds, notes, or other obligations secured by revenue other than ad valorem taxes.
(d) The district may grant an abatement for a tax owed to the district in the manner provided by Chapter 312, Tax Code.
Added by Acts 2021, 87th Leg., R.S., Ch. 872 (S.B. 1160), Sec. 1, eff. June 16, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle K - Seawall Commissions
Chapter 9502 - Gulf Coast Protection District
Subchapter C. Powers and Duties
Section 9502.0301. General District Powers
Section 9502.0302. Taxes and Bonds
Section 9502.0303. Requirements for Certain Projects
Section 9502.0304. Acquisition and Disposition of Property and Rights
Section 9502.0305. Costs of Relocation of Property; Easements
Section 9502.0307. Contracts Generally
Section 9502.0308. Requirements for Certain Contracts
Section 9502.0309. Conflict With Order or Action of Another Political Subdivision
Section 9502.0310. Authority to Develop Barrier Closure Procedures