Sec. 7914.202. 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. 137 (H.B. 4141), Sec. 1, eff. May 28, 2015.
Section: Previous 7914.004 7914.005 7914.006 7914.051 7914.052 7914.101 7914.102 7914.103 7914.104 7914.105 7914.151 7914.152 7914.153 7914.201 7914.202Last modified: September 28, 2016