Sec. 8463.202. 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. 770 (S.B. 1067), Sec. 1, eff. June 14, 2013.
Section: Previous 8463.004 8463.005 8463.006 8463.051 8463.052 8463.101 8463.102 8463.103 8463.104 8463.105 8463.151 8463.152 8463.153 8463.201 8463.202Last modified: September 28, 2016