Sec. 8426.202. 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. 821 (S.B. 1845), Sec. 1, eff. June 14, 2013.
Section: Previous 8426.004 8426.005 8426.006 8426.051 8426.052 8426.101 8426.102 8426.103 8426.104 8426.105 8426.151 8426.152 8426.153 8426.201 8426.202Last modified: September 28, 2016