Texas SB2519 restricts the use of ad valorem tax revenue for public securities and provides property owners with legal recourse if tax purposes.

Texas SB2519 amends the Tax Code and Government Code to restrict the use of ad valorem tax revenue for public securities. Specifically, it prohibits the use of increased maintenance and operations tax revenue from certain elections to repay public securities. It also allows property owners to seek an injunction against tax collection if the taxing unit materially deviates from the purpose stated in the voter-approved ballot proposition. If the property owner prevails in court, they are entitled to a refund of taxes paid, along with attorney's fees and court costs.

Texas SB2519 restricts the use of ad valorem tax revenue for public securities and provides property owners with legal recourse if tax purposes.

Texas SB2519 amends the Tax Code and Government Code to restrict the use of ad valorem tax revenue for public securities. Specifically, it prohibits the use of increased maintenance and operations tax revenue from certain elections to repay public securities. It also allows property owners to seek an injunction against tax collection if the taxing unit materially deviates from the purpose stated in the voter-approved ballot proposition. If the property owner prevails in court, they are entitled to a refund of taxes paid, along with attorney's fees and court costs.