Sec. 8390.102. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the district 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 2015, 84th Leg., R.S., Ch. 986 (S.B. 2002), Sec. 1, eff. June 19, 2015.
Section: Previous 8390.001 8390.002 8390.051 8390.052 8390.053 8390.054 8390.101Last modified: September 28, 2016