Sec. 8459.202. 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. 772 (S.B. 1069), Sec. 1, eff. June 14, 2013.
Section: Previous 8459.004 8459.005 8459.006 8459.051 8459.052 8459.101 8459.102 8459.103 8459.104 8459.105 8459.151 8459.152 8459.153 8459.201 8459.202Last modified: September 28, 2016