Sec. 8462.202. 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. 601 (S.B. 1066), Sec. 1, eff. June 14, 2013.
Section: Previous 8462.004 8462.005 8462.006 8462.051 8462.052 8462.101 8462.102 8462.103 8462.104 8462.105 8462.151 8462.152 8462.153 8462.201 8462.202Last modified: September 28, 2016