Sec. 7912.102. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the district 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. 136 (H.B. 4139), Sec. 1, eff. May 28, 2015.
Section: Previous 7912.001 7912.002 7912.051 7912.052 7912.053 7912.054 7912.101Last modified: September 28, 2016