Sec. 8453.202. 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. 470 (S.B. 1072), Sec. 1, eff. June 14, 2013.
Section: Previous 8453.004 8453.005 8453.006 8453.051 8453.052 8453.101 8453.102 8453.103 8453.104 8453.105 8453.151 8453.152 8453.153 8453.201 8453.202Last modified: September 28, 2016