Sec. 8492.252. 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 2015, 84th Leg., R.S., Ch. 269 (H.B. 1372), Sec. 1, eff. June 1, 2015.
Section: Previous 8492.103 8492.104 8492.105 8492.151 8492.152 8492.153 8492.154 8492.155 8492.156 8492.157 8492.201 8492.202 8492.203 8492.251 8492.252Last modified: September 28, 2016