Sec. 8498.202. 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. 650 (H.B. 1074), Sec. 1, eff. September 1, 2015.
Section: Previous 8498.004 8498.005 8498.006 8498.051 8498.052 8498.101 8498.102 8498.103 8498.104 8498.105 8498.151 8498.152 8498.153 8498.201 8498.202Last modified: September 28, 2016