Sec. 8500.102. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board of directors of the district shall provide for the annual imposition of a continuing direct ad valorem tax, without limit as to rate or amount, while all or part of the bonds are outstanding as required and in the manner provided by Sections 54.601 and 54.602, Water Code.
Added by Acts 2015, 84th Leg., R.S., Ch. 483 (H.B. 1111), Sec. 1, eff. June 16, 2015.
Section: Previous 8500.001 8500.002 8500.051 8500.052 8500.053 8500.054 8500.101Last modified: September 28, 2016