Sec. 3924.205. 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. 830 (S.B. 1872), Sec. 1, eff. June 14, 2013.
Section: Previous 3924.109 3924.110 3924.111 3924.112 3924.113 3924.151 3924.152 3924.153 3924.154 3924.155 3924.201 3924.202 3924.203 3924.204 3924.205Last modified: September 28, 2016