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Tex. Special District Local Laws Code § 1118.202

TAX TO PAY GENERAL OBLIGATION BONDS

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

Taxation
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Tex. Special District Local Laws Code § 1118.202, TAX TO PAY GENERAL OBLIGATION BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/592017
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The board may issue general obligation bonds only if the board imposes 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.