Sec. 7916.252. 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. 670 (H.B. 4183), Sec. 1, eff. June 17, 2015.
Section: Previous 7916.103 7916.104 7916.105 7916.151 7916.152 7916.153 7916.154 7916.155 7916.156 7916.157 7916.201 7916.202 7916.203 7916.251 7916.252Last modified: September 28, 2016