Sec. 3921.205. 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. 827 (S.B. 1864), Sec. 1, eff. June 14, 2013.
Section: Previous 3921.109 3921.110 3921.111 3921.112 3921.113 3921.151 3921.152 3921.153 3921.154 3921.155 3921.156 3921.201 3921.202 3921.203 3921.204Last modified: September 28, 2016