Texas § SD.5008.0504 - TAXES FOR BONDS
Full text of Texas The Texas Constitution § SD.5008.0504 — TAXES FOR BONDS, with citation guidance and answers to common questions.
§ SD.5008.0504. TAXES FOR BONDS
TAXES FOR BONDS. (a) If bonds are issued, the board shall impose an ad valorem tax on all taxable property in the district in each year during which the bonds are outstanding and unpaid. (b) The board shall impose the tax at the rate necessary to generate an amount of revenue which, together with the net revenue in the interest and sinking fund for the bonds at that time, is sufficient to pay the principal of and interest on the bonds that will be due during the next fiscal year. (c) The board shall certify to the Willacy County tax assessor-collector the rate of the tax imposed for the bonds. (d) The Willacy County tax assessor-collector shall: (1) collect the bond taxes in the same manner provided by law for the collection of other district taxes; and (2) remit all taxes collected to: (A) the county treasurer of Willacy County; or (B) the district's account. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615 ), Sec. 1.01, eff. April 1, 2027.
Frequently Asked Questions About Texas § SD.5008.0504
What does The Texas Constitution § SD.5008.0504 cover?
Section SD.5008.0504 ("TAXES FOR BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.5008.0504?
A common citation format is "The Texas Constitution § SD.5008.0504" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.5008.0504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.