Sec. 3922.205. 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. 816 (S.B. 1828), Sec. 1, eff. June 14, 2013.
Section: Previous 3922.109 3922.110 3922.111 3922.151 3922.152 3922.153 3922.154 3922.155 3922.156 3922.157 3922.201 3922.202 3922.203 3922.204 3922.205Last modified: September 28, 2016