Sec. 7911.202. 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. 894 (S.B. 1001), Sec. 1, eff. June 18, 2015.
Section: Previous 7911.004 7911.005 7911.006 7911.051 7911.052 7911.101 7911.102 7911.103 7911.104 7911.105 7911.151 7911.152 7911.153 7911.201 7911.202Last modified: September 28, 2016