Sec. 8320.102. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the district 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. 208 (S.B. 929), Sec. 1, eff. May 27, 2009.
Section: Previous 8320.001 8320.002 8320.051 8320.052 8320.053 8320.054 8320.055 8320.101Last modified: September 28, 2016