Sec. 7952.202. 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. 498 (S.B. 2039), Sec. 1, eff. June 16, 2015.
Section: Previous 7952.004 7952.005 7952.006 7952.051 7952.052 7952.101 7952.102 7952.103 7952.104 7952.105 7952.151 7952.152 7952.153 7952.201 7952.202Last modified: September 28, 2016