PROP TX-SPECIAL ASSESS AREAS

Amends the Property Tax Code. In a Section concerning bond issues for special service areas, provides that bonds may be issued to provide special services for, and be secured by the full faith and credit of the areas included in, 2 or more special service areas established by a municipality or county if (i) the special services for which the bonds are issued are collectively found to be in addition to those services provided generally throughout the municipality or county and (ii) each special service area securing the bonds maintains a separate tax levy. Effective immediately.