1251.004 – IMPOSITION OF TAX. At an election ordered on
Texas Government Code § 1251.004
Summary
This law requires that during elections for bond issuance by counties or municipalities, voters must also decide on imposing a property tax to cover bond interest and create a sinking fund. It affects local governments and their constituents who are voting on bond measures.
Voters decide on property tax alongside bond issuance.
Tax funds interest payments and sinking fund for bonds.
Applies to counties, municipalities, and political subdivisions.
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In simple terms: Learn about Texas's IMPOSITION OF TAX. At an election ordered on law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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