81st Texas Legislature, Regular Session, House Bill 1300, Chapter 172 Page: 8 of 11
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H.B. No. 1300
1 board may enforce an ad valorem tax lien against real property.
2 Sec. 3866.156. PETITION REQUIRED FOR FINANCING SERVICES AND
3 IMPROVEMENTS WITH ASSESSMENTS. (a) The board may not finance a
4 service or improvement project with assessments under this chapter
5 unless a written petition requesting that service or improvement
6 has been filed with the board.
7 (b) A petition requesting a project financed by assessment
8 must be signed by the owners of a majority of the assessed value of
9 real property in the district subject to assessment according to
10 the most recent certified tax appraisal roll for the county in which
11 the property is located.
12 Sec. 3866.157. BONDS AND OTHER OBLIGATIONS. (a) The
13 district may issue bonds or other obligations payable wholly or
14 partly from ad valorem taxes, assessments, impact fees, revenue,
15 grants, or other money of the district, or any combination of those
16 sources of money, to pay for any authorized purpose of the district.
17 (b) In exercising the district's borrowing power, the
18 district may issue a bond or other obligation in the form of a bond,
19 note, certificate of participation, or other instrument evidencing
20 a proportionate interest in payments to be made by the district, or
21 other type of obligation.
22 Sec. 3866.158. APPROVAL OF CERTAIN IMPROVEMENT PROJECTS.
23 The district must obtain the approval of the governing body of the
24 City of Kennedale for:
25 (1) the issuance of bonds for an improvement project;
26 (2) the plans and specifications of an improvement
27 project financed by the bonds; and8
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 1300, Chapter 172, legislative document, May 27, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148266/m1/8/: accessed April 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.