yourstate.us
Home / Texas / Special District Local Laws Code
Tex. Special District Local Laws Code § 1062.202

TAX TO PAY GENERAL OBLIGATION BONDS

Texas · Texas Special District Local Laws Code · Status: effective

Taxation
Get this as JSONEmbed this
Cite this
Citation
Tex. Special District Local Laws Code § 1062.202, TAX TO PAY GENERAL OBLIGATION BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/588447
Permanent ID
ys:prov:588447@1
SHA-256
4d170b0eb06aa37fb2ea1c5b3eb9025b379ba6e9ad76cc6c567e86f270468918

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) At the time general obligation bonds are issued by the district under Section 1062.201, the board shall impose an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on the bonds as the bonds mature. (b) The tax required by this section together with any other ad valorem tax the district imposes may not in any year exceed the limit approved by the voters at the election authorizing the imposition of the tax.