Sec. 8422.202. 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. 754 (S.B. 623), Sec. 1, eff. June 14, 2013.
Section: Previous 8422.004 8422.005 8422.006 8422.051 8422.052 8422.101 8422.102 8422.103 8422.104 8422.105 8422.151 8422.152 8422.153 8422.201 8422.202Last modified: September 28, 2016