Sec. 8480.202. 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. 497 (S.B. 1843), Sec. 1, eff. September 1, 2013.
Section: Previous 8480.004 8480.005 8480.006 8480.051 8480.052 8480.101 8480.102 8480.103 8480.104 8480.105 8480.151 8480.152 8480.153 8480.201 8480.202Last modified: September 28, 2016