Sec. 8439.102. 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. 549 (S.B. 606), Sec. 1, eff. June 14, 2013.
Section: Previous 8439.001 8439.002 8439.051 8439.052 8439.053 8439.054 8439.101Last modified: September 28, 2016