Sec. 3909.205. 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, for each year that 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 2013, 83rd Leg., R.S., Ch. 1114 (H.B. 3874), Sec. 1, eff. June 14, 2013.
Section: Previous 3909.110 3909.111 3909.112 3909.151 3909.152 3909.153 3909.154 3909.155 3909.156 3909.157 3909.201 3909.202 3909.203 3909.204 3909.205Last modified: September 28, 2016