Sec. 9041.202. 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. 871 (S.B. 2509), Sec. 1, eff. June 19, 2009.
Section: Previous 9041.004 9041.005 9041.006 9041.051 9041.052 9041.101 9041.102 9041.103 9041.104 9041.105 9041.151 9041.152 9041.153 9041.201 9041.202Last modified: September 28, 2016