Sec. 8431.202. 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. 752 (S.B. 608), Sec. 1, eff. June 14, 2013.
Section: Previous 8431.004 8431.005 8431.006 8431.051 8431.052 8431.101 8431.102 8431.103 8431.104 8431.105 8431.151 8431.152 8431.153 8431.201 8431.202Last modified: September 28, 2016