Texas § WA.54.602 - ESTABLISHMENT OF TAX RATE IN EACH YEAR
Full text of Texas The Texas Constitution § WA.54.602 — ESTABLISHMENT OF TAX RATE IN EACH YEAR, with citation guidance and answers to common questions.
§ WA.54.602. ESTABLISHMENT OF TAX RATE IN EACH YEAR
ESTABLISHMENT OF TAX RATE IN EACH YEAR. (a) Repealed by Acts 1979, 66th Leg., p. 2330, ch. 841, Sec. 6(a)(3), eff. Jan. 1, 1982. (b) In determining the actual rate to be levied in each year, the board shall consider among other things: (1) the amount which should be levied for maintenance and operation purposes, if a maintenance tax has been authorized; (2) the amount which should be levied for the payment of principal, interest, and redemption price of each series of bonds or notes payable in whole or in part from taxes; (3) the amount which should be levied for the purpose of paying all other contractual obligations of the district payable in whole or in part from taxes; and (4) the percentage of anticipated tax collections and the cost of collecting the taxes. (c) In determining the amount of taxes which should be levied each year, the board may consider whether proceeds from the sale of bonds have been placed in escrow to pay interest during construction and whether the board reasonably expects to have revenue or receipts available from other sources which are legally available to pay principal of or interest or redemption price on the bonds. The board shall levy a tax in the first full year after issuance of its first series of bonds. Added by Acts 1971, 62nd Leg., p. 801, ch. 84,
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.54.602
What does The Texas Constitution § WA.54.602 cover?
Section WA.54.602 ("ESTABLISHMENT OF TAX RATE IN EACH YEAR") 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 § WA.54.602?
A common citation format is "The Texas Constitution § WA.54.602" (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 § WA.54.602 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.