Sec. 7904.202. 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 ad valorem tax, without limit as to rate or amount, while 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. 904 (S.B. 2008), Sec. 1, eff. June 18, 2015.
Section: Previous 7904.004 7904.005 7904.006 7904.051 7904.052 7904.101 7904.102 7904.103 7904.104 7904.105 7904.151 7904.152 7904.153 7904.201 7904.202Last modified: September 28, 2016