Sec. 8432.202. 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. 913 (H.B. 1355), Sec. 1, eff. June 14, 2013.
Section: Previous 8432.003 8432.004 8432.005 8432.051 8432.052 8432.101 8432.102 8432.103 8432.104 8432.105 8432.106 8432.151 8432.152 8432.201 8432.202Last modified: September 28, 2016