Sec. 8430.102. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board of the district 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. 440 (S.B. 704), Sec. 1, eff. June 14, 2013.
Section: Previous 8430.001 8430.002 8430.003 8430.051 8430.052 8430.053 8430.054 8430.101Last modified: September 28, 2016