Special District Local Laws Code § 11003.256
If bonds are backed by ad valorem taxes, the board must levy an annual tax on district taxable property enough to pay principal and interest when due. The district may set the tax rate for a year, but only after considering pledged revenue and within the bond resolution.
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- United States — Texas
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- en
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bond financing property tax
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Special District Local Laws Code § 11003.256
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