Sec. 1115.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property in the district subject to district taxation. (b) The board shall impose the tax to pay: (1) indebtedness assumed or issued by the district; and (2) district maintenance and operating expenses. (c) The board may not impose a tax to pay the principal of or interest on revenue bonds issued under Section 1115.206 .
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