Sec. 7950.202. 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. 986 (S.B. 2002), Sec. 3, eff. June 19, 2015.
Section: Previous 7950.004 7950.005 7950.006 7950.051 7950.052 7950.101 7950.102 7950.103 7950.104 7950.105 7950.151 7950.152 7950.153 7950.201 7950.202Last modified: September 28, 2016