Sec. 3818.216. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct ad valorem tax, without limit as to the 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 2009, 81st Leg., R.S., Ch. 889 (S.B. 2552), Sec. 10, eff. June 19, 2009.
Section: Previous 3818.204 3818.205 3818.206 3818.207 3818.209 3818.210 3818.211 3818.212 3818.213 3818.214 3818.215 3818.216 3818.217 3818.218 3818.219 NextLast modified: September 28, 2016