Sec. 8487.202. 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. 1250 (S.B. 1910), Sec. 1, eff. September 1, 2013.
Section: Previous 8487.005 8487.006 8487.051 8487.052 8487.101 8487.102 8487.103 8487.104 8487.105 8487.106 8487.151 8487.152 8487.153 8487.201 8487.202Last modified: September 28, 2016