SUBCHAPTER D. FINANCIAL PROVISIONS

Sec. 9501.151.  AD VALOREM TAX.  (a)  The commission may impose an ad valorem tax on real property within the commission's jurisdiction.
(b)  The commission shall determine the tax rate, which may not exceed 10 cents for each $100 valuation of property.
(c)  Revenue from the tax may be used only to pay for functions of the commission.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.