Special District Local Laws Code § 1046.202
When bonds are issued, the board must levy an ad valorem tax high enough to fund bond principal and interest, and the total ad valorem tax burden may not exceed 75 cents per $100 of taxable property in any year.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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ad valorem tax general obligation bonds tax cap
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Special District Local Laws Code § 1046.202
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