Sec. 8418.102. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board of 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 2013, 83rd Leg., R.S., Ch. 436 (S.B. 604), Sec. 1, eff. June 14, 2013.
Section: Previous 8418.001 8418.002 8418.051 8418.052 8418.053 8418.054 8418.101Last modified: September 28, 2016