Sec. 8318.202. 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 2011, 82nd Leg., R.S., Ch. 413 (S.B. 813), Sec. 1, eff. September 1, 2011.
Added by Acts 2011, 82nd Leg., R.S., Ch. 728 (H.B. 886), Sec. 1, eff. September 1, 2011.
Section: Previous 8318.005 8318.006 8318.051 8318.052 8318.101 8318.102 8318.103 8318.104 8318.105 8318.106 8318.151 8318.152 8318.153 8318.201 8318.202Last modified: September 28, 2016