Sec. 8436.202. 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. 545 (S.B. 564), Sec. 1, eff. June 14, 2013.
Section: Previous 8436.004 8436.005 8436.006 8436.051 8436.052 8436.101 8436.102 8436.103 8436.104 8436.105 8436.151 8436.152 8436.153 8436.201 8436.202Last modified: September 28, 2016