Sec. 7935.202. 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. 884 (H.B. 4179), Sec. 1, eff. June 18, 2015.
Section: Previous 7935.004 7935.005 7935.006 7935.051 7935.052 7935.101 7935.102 7935.103 7935.104 7935.105 7935.151 7935.152 7935.153 7935.201 7935.202Last modified: September 28, 2016