Sec. 8423.202. 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. 612 (S.B. 1266), Sec. 1, eff. June 14, 2013.
Section: Previous 8423.004 8423.005 8423.006 8423.051 8423.052 8423.101 8423.102 8423.103 8423.104 8423.105 8423.151 8423.152 8423.153 8423.201 8423.202Last modified: September 28, 2016