Sec. 7936.202. 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. 880 (H.B. 4159), Sec. 1, eff. June 18, 2015.
Section: Previous 7936.005 7936.006 7936.051 7936.052 7936.101 7936.102 7936.103 7936.104 7936.105 7936.106 7936.151 7936.152 7936.153 7936.201 7936.202Last modified: September 28, 2016