Sec. 3931.205. 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 2015, 84th Leg., R.S., Ch. 878 (H.B. 4147), Sec. 1, eff. June 18, 2015.
Section: Previous 3931.107 3931.108 3931.109 3931.110 3931.111 3931.112 3931.151 3931.152 3931.153 3931.154 3931.201 3931.202 3931.203 3931.204 3931.205Last modified: September 28, 2016