Sec. 8305.152. 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 2009, 81st Leg., R.S., Ch. 420 (H.B. 2022), Sec. 1, eff. June 19, 2009.
Section: Previous 8305.001 8305.051 8305.052 8305.053 8305.054 8305.055 8305.101 8305.151 8305.152Last modified: September 28, 2016