Sec. 7932.202. 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. 982 (H.B. 4154), Sec. 3, eff. June 19, 2015.
Section: Previous 7932.004 7932.005 7932.006 7932.051 7932.052 7932.101 7932.102 7932.103 7932.104 7932.105 7932.151 7932.152 7932.153 7932.201 7932.202Last modified: September 28, 2016