TAXES FOR BONDS.
Tex. SPEC. DIST. LOCAL LAWS Code § 3900.206.
in effect(a) At the time the district issues bonds payable from ad valorem taxes, the board shall impose a continuing direct annual ad valorem tax, without limit as to rate or amount, as required by Section 54.601 , Water Code.
(b) The board shall annually impose the tax while all or part of the bonds are outstanding. Sections 54.601 and 54.602 , Water Code, govern the amount and rate of the tax.
Added by Acts 2011, 82nd Leg., R.S., Ch. 856 (H.B. 3831 ), Sec. 1, eff. September 1, 2011.
