Sec. 3935.205. 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. 885 (H.B. 4180), Sec. 2, eff. June 18, 2015.
Section: Previous 3935.108 3935.109 3935.110 3935.111 3935.112 3935.151 3935.152 3935.153 3935.154 3935.155 3935.201 3935.202 3935.203 3935.204 3935.205Last modified: September 28, 2016