Sec. 8488.202. 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. 1123 (H.B. 3943), Sec. 1, eff. September 1, 2013.
Section: Previous 8488.005 8488.006 8488.051 8488.052 8488.101 8488.102 8488.103 8488.104 8488.105 8488.106 8488.151 8488.152 8488.153 8488.201 8488.202Last modified: September 28, 2016