Sec. 8419.102. 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. 132 (S.B. 610), Sec. 1, eff. May 24, 2013.
Section: Previous 8419.001 8419.002 8419.051 8419.052 8419.053 8419.054 8419.101Last modified: September 28, 2016