Sec. 7954.202. 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. 912 (S.B. 2064), Sec. 1, eff. June 18, 2015.
Section: Previous 7954.005 7954.006 7954.051 7954.052 7954.101 7954.102 7954.103 7954.104 7954.105 7954.106 7954.151 7954.152 7954.153 7954.201 7954.202Last modified: September 28, 2016