Sec. 8326.202. 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. 226 (S.B. 1464), Sec. 1, eff. May 27, 2009.
Section: Previous 8326.005 8326.006 8326.051 8326.052 8326.101 8326.102 8326.103 8326.104 8326.105 8326.106 8326.151 8326.152 8326.153 8326.201 8326.202Last modified: September 28, 2016