81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139 Page: 262 of 950
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H.B. No. 2619
1 (part), 9(a) (part), (b), (d), 10(a) (part).)
2 Sec. 1080.204. MATURITY OF BONDS. District bonds must
3 mature not later than 40 years after the date of issuance. (Acts
4 59th Leg., R.S., Ch. 644, Sec. 9(c) (part).)
5 Sec. 1080.205. EXECUTION OF BONDS. (a) The board president
6 shall execute the district's bonds in the district's name.
7 (b) The board secretary shall countersign the bonds. (Acts
8 59th Leg., R.S., Ch. 644, Sec. 10(b) (part).)
9 [Sections 1080.206-1080.250 reserved for expansion]
10 SUBCHAPTER F. TAXES
11 Sec. 1080.251. IMPOSITION OF AD VALOREM TAX. (a) The board
12 shall impose a tax on all property in the district subject to
13 district taxation.
14 (b) The tax may be used only to:
15 (1) pay the interest on and create a sinking fund for
16 bonds issued under this chapter;
17 (2) provide for the operation and maintenance of the
18 district and hospital system;
19 (3) make improvements and additions to the hospital
20 system; and
21 (4) acquire sites for additions to the hospital
22 system. (Acts 59th Leg., R.S., Ch. 644, Secs. 8(a) (part) , (c).)
23 Sec. 1080.252. TAX RATE. The board may impose the tax at a
24 rate not to exceed 75 cents on each $100 valuation of taxable
25 property in the district. (Acts 59th Leg., R.S., Ch. 644, Sec. 8(a)
26 (part).)
27 Sec. 1080.253. TAX ASSESSOR-COLLECTOR. The tax262
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148576/m1/262/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.