Sec. 8416.202. 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 2013, 83rd Leg., R.S., Ch. 739 (S.B. 273), Sec. 1, eff. June 14, 2013.
Section: Previous 8416.004 8416.005 8416.006 8416.051 8416.052 8416.101 8416.102 8416.103 8416.104 8416.105 8416.151 8416.152 8416.153 8416.201 8416.202Last modified: September 28, 2016