Sec. 8427.202. 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. 1241 (S.B. 1846), Sec. 1, eff. June 14, 2013.
Section: Previous 8427.004 8427.005 8427.006 8427.051 8427.052 8427.101 8427.102 8427.103 8427.104 8427.105 8427.151 8427.152 8427.153 8427.201 8427.202Last modified: September 28, 2016