Sec. 7929.202. 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. 59 (H.B. 4132), Sec. 1, eff. May 22, 2015.
Section: Previous 7929.004 7929.005 7929.006 7929.051 7929.052 7929.101 7929.102 7929.103 7929.104 7929.105 7929.151 7929.152 7929.153 7929.201 7929.202Last modified: September 28, 2016