Sec. 3818.216. 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 the 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 2009, 81st Leg., R.S., Ch. 889 (S.B. 2552), Sec. 10, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3818 - Harris County Improvement District No. 1
Subchapter E. Financial Provisions
Section 3818.201. Notice and Hearing Required
Section 3818.202. Notice of Hearing
Section 3818.203. Hearing Procedure
Section 3818.204. Petition Required for Financing Services and Improvement Projects
Section 3818.205. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3818.206. Utility Property Exempt From Assessments and Impact Fees
Section 3818.207. Bonds; Approval by City of Houston
Section 3818.209. Assessments and Bond Limit
Section 3818.210. Appeal of Assessment
Section 3818.211. Payment by Exempt Jurisdictions
Section 3818.212. Disbursements and Transfers of Money
Section 3818.213. Money Used for Improvements or Services
Section 3818.214. Operation and Maintenance Tax
Section 3818.215. Authority to Borrow Money and to Issue Bonds
Section 3818.216. Taxes for Bonds
Section 3818.217. Elections Regarding Taxes and Bonds