Sec. 8494.202. 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 2015, 84th Leg., R.S., Ch. 866 (H.B. 2091), Sec. 1.01, eff. September 1, 2015.
Section: Previous 8494.004 8494.005 8494.006 8494.051 8494.052 8494.101 8494.102 8494.103 8494.104 8494.105 8494.151 8494.152 8494.153 8494.201 8494.202Last modified: September 28, 2016