Sec. 8362.202. 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. 877 (S.B. 2518), Sec. 1, eff. June 19, 2009.
Section: Previous 8362.006 8362.051 8362.052 8362.101 8362.102 8362.103 8362.104 8362.105 8362.106 8362.107 8362.151 8362.152 8362.153 8362.201 8362.202Last modified: September 28, 2016