86th Texas Legislature, Regular Session, House Bill 4636, Chapter 549 Page: 7 of 14
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H.B. No. 4636
1 must hold an election as required by this chapter to obtain voter
2 approval before the district may impose a maintenance tax or issue
3 bonds payable wholly or partly from ad valorem taxes.
4 (k) If the creation of the new district is confirmed, the
5 new district shall provide the election date and results to the
6 commission.
7 SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS
8 Sec. 8079.0401. ELECTIONS REGARDING TAXES OR BONDS. (a)
9 The district may issue, without an election, bonds and other
10 obligations secured by:
11 (1) revenue other than ad valorem taxes; or
12 (2) contract payments described by Section 8079.0403.
13 (b) The district must hold an election in the manner
14 provided by Chapters 49 and 54, Water Code, to obtain voter approval
15 before the district may impose an ad valorem tax or issue bonds
16 payable from ad valorem taxes.
17 (c) The district may not issue bonds payable from ad valorem
18 taxes to finance a road project unless the issuance is approved by a
19 vote of a two-thirds majority of the district voters voting at an
20 election held for that purpose.
21 Sec. 8079.0402. OPERATION AND MAINTENANCE TAX. (a) If
22 authorized at an election held under Section 8079.0401, the
23 district may impose an operation and maintenance tax on taxable
24 property in the district in accordance with Section 49.107, Water
25 Code.
26 (b) The board shall determine the tax rate. The rate may not
27 exceed the rate approved at the election.7
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Texas. Legislature. House of Representatives. 86th Texas Legislature, Regular Session, House Bill 4636, Chapter 549, legislative document, June 10, 2019; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth1201086/m1/7/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.