Sec. 7957.202. 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. 913 (S.B. 2074), Sec. 1, eff. June 18, 2015.
Section: Previous 7957.005 7957.006 7957.051 7957.052 7957.101 7957.102 7957.103 7957.104 7957.105 7957.106 7957.151 7957.152 7957.153 7957.201 7957.202Last modified: September 28, 2016