81st Texas Legislature, Senate Bill 2518, Chapter 877 Page: 8 of 57
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S.B. No. 2518
1 Sec. 8362.152. OPERATION AND MAINTENANCE TAX. (a) If
2 authorized at an election held under Section 8362.151, the district
3 may impose an operation and maintenance tax on taxable property in
4 the district in accordance with Section 49.107, Water Code.
5 (b) The board shall determine the tax rate. The rate may not
6 exceed the rate approved at the election.
7 Sec. 8362.153. CONTRACT TAXES. (a) In accordance with
8 Section 49.108, Water Code, the district may impose a tax other than
9 an operation and maintenance tax and use the revenue derived from
10 the tax to make payments under a contract after the provisions of
11 the contract have been approved by a majority of the district voters
12 voting at an election held for that purpose.
13 (b) A contract approved by the district voters may contain a
14 provision stating that the contract may be modified or amended by
15 the board without further voter approval.
16 [Sections 8362.154-8362.200 reserved for expansion]
17 SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS
18 Sec. 8362.201. AUTHORITY TO ISSUE BONDS AND OTHER19 OBLIGATIONS. The district may issue bonds or other obligations
20 payable wholly or partly from ad valorem taxes, impact fees,
21 revenue, contract payments, grants, or other district money, or any
22 combination of those sources, to pay for any authorized district
23 purpose.
24 Sec. 8362.202. TAXES FOR BONDS. At the time the district
25 issues bonds payable wholly or partly from ad valorem taxes, the
26 board shall provide for the annual imposition of a continuing
27 direct ad valorem tax, without limit as to rate or amount, while all8
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Texas. Legislature. Senate. 81st Texas Legislature, Senate Bill 2518, Chapter 877, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149598/m1/8/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.