Sec. 7928.202. 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. 668 (H.B. 4134), Sec. 1, eff. June 17, 2015.
Section: Previous 7928.004 7928.005 7928.006 7928.051 7928.052 7928.101 7928.102 7928.103 7928.104 7928.105 7928.151 7928.152 7928.153 7928.201 7928.202Last modified: September 28, 2016