Sec. 8325.202. 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. 1058 (H.B. 4698), Sec. 1, eff. June 19, 2009.
Section: Previous 8325.101 8325.102 8325.103 8325.104 8325.105 8325.106 8325.107 8325.108 8325.109 8325.110 8325.151 8325.152 8325.153 8325.201 8325.202Last modified: September 28, 2016