Sec. 7906.202. 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. 138 (H.B. 4153), Sec. 1, eff. September 1, 2015.
Section: Previous 7906.005 7906.006 7906.051 7906.052 7906.101 7906.102 7906.103 7906.104 7906.105 7906.106 7906.151 7906.152 7906.153 7906.201 7906.202Last modified: September 28, 2016