Sec. 7920.202. 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. 667 (H.B. 4133), Sec. 1, eff. June 17, 2015.
Section: Previous 7920.004 7920.005 7920.006 7920.051 7920.052 7920.101 7920.102 7920.103 7920.104 7920.105 7920.151 7920.152 7920.153 7920.201 7920.202Last modified: September 28, 2016