Sec. 8306.202. 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 2009, 81st Leg., R.S., Ch. 649 (H.B. 1841), Sec. 1, eff. June 19, 2009.
Section: Previous 8306.052 8306.101 8306.102 8306.103 8306.104 8306.105 8306.106 8306.107 8306.108 8306.109 8306.151 8306.152 8306.153 8306.201 8306.202Last modified: September 28, 2016