Sec. 8332.202. 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. 536 (S.B. 1483), Sec. 1, eff. June 19, 2009.
Section: Previous 8332.006 8332.051 8332.052 8332.101 8332.102 8332.103 8332.104 8332.105 8332.106 8332.107 8332.151 8332.152 8332.153 8332.201 8332.202Last modified: September 28, 2016