Sec. 3932.205. 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. 983 (H.B. 4156), Sec. 1, eff. June 19, 2015.
Section: Previous 3932.107 3932.108 3932.109 3932.110 3932.111 3932.112 3932.151 3932.152 3932.153 3932.154 3932.201 3932.202 3932.203 3932.204 3932.205Last modified: September 28, 2016