Sec. 3881.211. 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 annual 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. 247 (S.B. 2473), Sec. 1, eff. May 27, 2009.
Section: Previous 3881.204 3881.205 3881.206 3881.207 3881.208 3881.209 3881.210 3881.211 3881.212 3881.213 3881.214 3881.251 3881.252 3881.253 3881.254 NextLast modified: September 28, 2016