Government Code § 1506.057
A municipality may issue bonds only if it provides for an annual ad valorem tax in the improvement district to cover bond interest and create a sinking fund; the tax rate cannot exceed 50 cents per $100 valuation.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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ad valorem tax bond issuance
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Government Code § 1506.057
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