Sec. 3920.206. 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. 831 (S.B. 1878), Sec. 1, eff. June 14, 2013.
Section: Previous 3920.108 3920.109 3920.110 3920.111 3920.151 3920.152 3920.153 3920.154 3920.155 3920.156 3920.201 3920.202 3920.203 3920.204 3920.205Last modified: September 28, 2016