Sec. 8366.202. 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. 862 (S.B. 2485), Sec. 1, eff. June 19, 2009.
Section: Previous 8366.005 8366.006 8366.051 8366.052 8366.101 8366.102 8366.103 8366.104 8366.105 8366.106 8366.151 8366.152 8366.153 8366.201 8366.202Last modified: September 28, 2016