Sec. 9040.202. 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 Chapter 51, Water Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 863 (S.B. 2486), Sec. 1, eff. June 19, 2009.
Section: Previous 9040.004 9040.005 9040.006 9040.051 9040.052 9040.101 9040.102 9040.103 9040.104 9040.105 9040.151 9040.152 9040.153 9040.201 9040.202Last modified: September 28, 2016