Sec. 8359.202. 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. 1071 (H.B. 4737), Sec. 1, eff. September 1, 2009.
Section: Previous 8359.101 8359.102 8359.103 8359.104 8359.105 8359.106 8359.107 8359.108 8359.109 8359.110 8359.151 8359.152 8359.153 8359.201 8359.202Last modified: September 28, 2016