Sec. 8342.202. 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. 422 (H.B. 2035), Sec. 1, eff. September 1, 2009.
Section: Previous 8342.101 8342.102 8342.103 8342.104 8342.105 8342.106 8342.107 8342.108 8342.109 8342.110 8342.151 8342.152 8342.153 8342.201 8342.202Last modified: September 28, 2016