Sec. 9039.202. 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. 583 (S.B. 2463), Sec. 1, eff. June 19, 2009.
Section: Previous 9039.101 9039.102 9039.103 9039.104 9039.105 9039.106 9039.107 9039.108 9039.109 9039.110 9039.151 9039.152 9039.153 9039.201 9039.202Last modified: September 28, 2016