Sec. 3934.205. 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. 888 (H.B. 4192), Sec. 1, eff. June 18, 2015.
Section: Previous 3934.108 3934.109 3934.110 3934.111 3934.112 3934.151 3934.152 3934.153 3934.154 3934.155 3934.201 3934.202 3934.203 3934.204 3934.205Last modified: September 28, 2016