Sec. 7921.202. 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. 501 (S.B. 2056), Sec. 1, eff. June 16, 2015.
Section: Previous 7921.004 7921.005 7921.006 7921.051 7921.052 7921.101 7921.102 7921.103 7921.104 7921.105 7921.151 7921.152 7921.153 7921.201 7921.202Last modified: September 28, 2016