Sec. 8316.202. 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. 561 (S.B. 1979), Sec. 1, eff. June 19, 2009.
Section: Previous 8316.006 8316.051 8316.052 8316.101 8316.102 8316.103 8316.104 8316.105 8316.106 8316.107 8316.151 8316.152 8316.153 8316.201 8316.202Last modified: September 28, 2016