Sec. 3927.205. 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. 1374 (S.B. 1906), Sec. 1, eff. June 14, 2013.
Section: Previous 3927.104 3927.105 3927.106 3927.107 3927.151 3927.152 3927.153 3927.154 3927.155 3927.156 3927.201 3927.202 3927.203 3927.204 3927.205Last modified: September 28, 2016