Sec. 375.209. 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 annual 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 Sections 54.601 and 54.602, Water Code.
Added by Acts 2011, 82nd Leg., R.S., Ch. 912 (S.B. 1234), Sec. 15, eff. September 1, 2011.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 375 - Municipal Management Districts in General
Section 375.201. General Obligation and Revenue Bonds
Section 375.202. Terms and Conditions of Bonds
Section 375.204. Refunding Bonds
Section 375.205. Approval by Attorney General; Registration
Section 375.206. Authorized Investments; Security
Section 375.207. Municipal Approval