Sec. 8361.202. 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. 874 (S.B. 2512), Sec. 1, eff. June 19, 2009.
Section: Previous 8361.052 8361.101 8361.102 8361.103 8361.104 8361.105 8361.106 8361.107 8361.108 8361.109 8361.151 8361.152 8361.153 8361.201 8361.202Last modified: September 28, 2016