Sec. 7953.202. 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. 492 (S.B. 1005), Sec. 1, eff. June 16, 2015.
Section: Previous 7953.006 7953.007 7953.051 7953.052 7953.101 7953.102 7953.103 7953.104 7953.105 7953.106 7953.107 7953.151 7953.152 7953.201 7953.202Last modified: September 28, 2016