Gavvy: Spec. Dist. Loc. Laws Code, Sec. 9055.256. Bonds Payable from Ad Valorem Taxes.

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Sec. 9055.256. Bonds Payable from Ad Valorem Taxes.

Sec. 9055.256. BONDS PAYABLE FROM AD VALOREM TAXES. The district may issue bonds payable from:

(1) ad valorem taxes imposed on taxable property in the district; or

(2) ad valorem taxes and revenue of the district.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.

Gavvy last updated this database on: Sep 6, 2024