EL PASO COUNTY COMMUNITY COLLEGE DISTRICT
BOARD POLICY
4.03.01
TAX BONDS
The Board shall, when deemed necessary, obtain funds to purchase, construct, repair or reequip school buildings, or to
purchase necessary sites, as follows:
A.
By issuing negotiable coupon bonds, and assessing annual ad valorem taxes sufficient to pay the principal
and interest on the bonds as they become due; and,
B.
By levying an ad valorem tax not exceeding 50 cents on the $100.00 valuation of taxable property
in the District.
Sec. 130.122, Texas Education Code
Adopted: Nov. 21, 1978
Amended: Aug. 27, 1984
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