Sec. 7915.202. 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. 905 (S.B. 2009), Sec. 1, eff. June 18, 2015.
Section: Previous 7915.004 7915.005 7915.006 7915.051 7915.052 7915.101 7915.102 7915.103 7915.104 7915.105 7915.151 7915.152 7915.153 7915.201 7915.202Last modified: September 28, 2016