84th Texas Legislature, Regular Session, House Bill 4155, Chapter 1239 Page: 15 of 53
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H.B. No. 4155
1 supporting tourism, recreation, housing, the arts, entertainment,
2 or economic development; or
3 (3) that confers a general benefit on the entire
4 district or a special benefit on a definable part of the district.
5 SUBCHAPTER F. TAXES AND BONDS
6 Sec. 3933.301. ELECTIONS REGARDING TAXES OR BONDS. (a) The
7 district may issue, without an election, bonds and other
8 obligations secured by assessments, contract payments, sales and
9 use taxes, hotel occupancy taxes, or any other revenue from any
10 source other than ad valorem taxes.
11 (b) The district must hold an election in the manner
12 provided by Chapters 49 and 54, Water Code, to obtain voter approval
13 before the district may impose an ad valorem tax or issue bonds
14 payable from ad valorem taxes.
15 (c) The district may not issue bonds payable from ad valorem
16 taxes to finance a road project unless the issuance is approved by a
17 vote of a two-thirds majority of the district voters voting at an
18 election held for that purpose.
19 Sec. 3933.302. OPERATION AND MAINTENANCE TAX. (a) If
20 authorized by a majority of the district voters voting at an
21 election held under Section 3933.301, the district may impose an
22 operation and maintenance tax on taxable property in the district
23 in accordance with Section 49.107, Water Code.
24 (b) The board shall determine the tax rate. The rate may not
25 exceed the rate approved at the election.
26 (c) Notwithstanding Subsection (a), Section 49.107(f),
27 Water Code, does not apply to the district.15
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Texas. Legislature. House of Representatives. 84th Texas Legislature, Regular Session, House Bill 4155, Chapter 1239, legislative document, June 19, 2015; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth705341/m1/15/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.