Sec. 8434.252. 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. 623 (S.B. 1838), Sec. 1, eff. June 14, 2013.
Section: Previous 8434.105 8434.106 8434.107 8434.108 8434.151 8434.152 8434.153 8434.154 8434.155 8434.156 8434.201 8434.202 8434.203 8434.251 8434.252Last modified: September 28, 2016