Sec. 3870.202. 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 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. 245 (S.B. 2470), Sec. 1, eff. September 1, 2009.
Section: Previous 3870.103 3870.104 3870.105 3870.106 3870.107 3870.108 3870.151 3870.152 3870.153 3870.154 3870.155 3870.156 3870.157 3870.201 3870.202Last modified: September 28, 2016