Sec. 8424.202. 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 2015, 84th Leg., R.S., Ch. 132 (H.B. 1068), Sec. 1, eff. May 28, 2015.
Section: Previous 8424.004 8424.005 8424.006 8424.051 8424.052 8424.101 8424.102 8424.103 8424.104 8424.105 8424.151 8424.152 8424.153 8424.201 8424.202Last modified: September 28, 2016