Sec. 8309.252. 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 2011, 82nd Leg., R.S., Ch. 853 (H.B. 3803), Sec. 1, eff. June 17, 2011.
Section: Previous 8309.106 8309.107 8309.108 8309.109 8309.151 8309.152 8309.153 8309.154 8309.155 8309.156 8309.201 8309.202 8309.203 8309.251 8309.252Last modified: September 28, 2016