Texas Special District Local Laws Code § 1080.202 Tax To Pay Bonds

Sec. 1080.202. TAX TO PAY BONDS. The board may issue bonds under Section 1080.201 only if the board imposes an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on the bonds as the bonds mature.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Section: Previous  1080.109  1080.110  1080.111  1080.151  1080.152  1080.153  1080.154  1080.155  1080.201  1080.202  1080.203  1080.204  1080.205  1080.251  1080.252  Next

Last modified: September 28, 2016