Sec. 1472.007. CONTINUED IMPOSITION OF TAXES. A county issuing bonds under this chapter shall continue to impose ad valorem taxes to pay the interest on those bonds and to provide a sinking fund for the redemption of those bonds even if the facilities constructed with the proceeds of the bonds being refunded become a part of the state highway system.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1472 - Refunding of County Bonds for Causeways
Section 1472.001. Applicability of Chapter
Section 1472.002. Authority to Issue Refunding Bonds
Section 1472.004. Sale of Bonds
Section 1472.005. Exchange or Repayment of Bonds Being Refunded
Section 1472.006. Use of Funds Established for Bonds Being Refunded