Sec. 8496.202. 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. 1.03, eff. September 1, 2015.
Section: Previous 8496.006 8496.007 8496.051 8496.052 8496.101 8496.102 8496.103 8496.104 8496.105 8496.106 8496.151 8496.152 8496.153 8496.201 8496.202Last modified: September 28, 2016