Sec. 7925.202. 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. 908 (S.B. 2026), Sec. 1, eff. June 18, 2015.
Section: Previous 7925.004 7925.005 7925.006 7925.051 7925.052 7925.101 7925.102 7925.103 7925.104 7925.105 7925.151 7925.152 7925.153 7925.201 7925.202Last modified: September 28, 2016