Sec. 7907.202. 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. 907 (S.B. 2025), Sec. 1, eff. September 1, 2015.
Section: Previous 7907.004 7907.005 7907.006 7907.051 7907.052 7907.101 7907.102 7907.103 7907.104 7907.105 7907.151 7907.152 7907.153 7907.201 7907.202Last modified: September 28, 2016