Sec. 7955.202. 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. 911 (S.B. 2057), Sec. 1.01, eff. September 1, 2015.
Section: Previous 7955.005 7955.006 7955.051 7955.052 7955.101 7955.102 7955.103 7955.104 7955.105 7955.106 7955.151 7955.152 7955.153 7955.201 7955.202Last modified: September 28, 2016