Sec. 8331.202. 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. 384 (H.B. 1596), Sec. 1, eff. June 19, 2009.
Section: Previous 8331.003 8331.004 8331.005 8331.051 8331.052 8331.101 8331.102 8331.103 8331.104 8331.105 8331.151 8331.152 8331.153 8331.201 8331.202Last modified: September 28, 2016