81st Texas Legislature, Senate Bill 2504, Chapter 867 Page: 9 of 53
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S.B. No. 2504
1 election held for that purpose.
2 Sec. 8355.152. OPERATION AND MAINTENANCE TAX. (a) If
3 authorized at an election held under Section 8355.151, the district
4 may impose an operation and maintenance tax on taxable property in
5 the district in accordance with Section 49.107, Water Code.
6 (b) The board shall determine the tax rate. The rate may not
7 exceed the rate approved at the election.
8 Sec. 8355.153. CONTRACT TAXES. (a) In accordance with
9 Section 49.108, Water Code, the district may impose a tax other than
10 an operation and maintenance tax and use the revenue derived from
11 the tax to make payments under a contract after the provisions of
12 the contract have been approved by a majority of the district voters
13 voting at an election held for that purpose.
14 (b) A contract approved by the district voters may contain a
15 provision stating that the contract may be modified or amended by
16 the board without further voter approval.
17 [Sections 8355.154-8355.200 reserved for expansion]
18 SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS19 Sec. 8355.201. AUTHORITY TO ISSUE BONDS AND OTHER
20 OBLIGATIONS. The district may issue bonds or other obligations
21 payable wholly or partly from ad valorem taxes, impact fees,
22 revenue, including revenue received by the district under Chapter
23 311, Tax Code, and Chapter 380, Local Government Code, assessments,
24 grants, or other district money, or any combination of those
25 sources, to pay for any authorized district purpose.
26 Sec. 8355.202. TAXES FOR BONDS. At the time the district
27 issues bonds payable wholly or partly from ad valorem taxes, the9
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Texas. Legislature. Senate. 81st Texas Legislature, Senate Bill 2504, Chapter 867, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149586/m1/9/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.