Sec. 7926.202. 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. 386 (H.B. 4127), Sec. 1, eff. September 1, 2015.
Section: Previous 7926.005 7926.006 7926.051 7926.052 7926.101 7926.102 7926.103 7926.104 7926.105 7926.106 7926.151 7926.152 7926.153 7926.201 7926.202Last modified: September 28, 2016