Sec. 8420.202. 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. 308 (H.B. 1506), Sec. 1, eff. June 14, 2013.
Section: Previous 8420.004 8420.005 8420.006 8420.051 8420.052 8420.101 8420.102 8420.103 8420.104 8420.105 8420.151 8420.152 8420.153 8420.201 8420.202Last modified: September 28, 2016