Sec. 9038.202. 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 Section 51.433, Water Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 584 (S.B. 2464), Sec. 1, eff. June 19, 2009.
Section: Previous 9038.101 9038.102 9038.103 9038.104 9038.105 9038.106 9038.107 9038.108 9038.109 9038.110 9038.151 9038.152 9038.153 9038.201 9038.202Last modified: September 28, 2016