Sec. 3876.211. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the 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 2009, 81st Leg., R.S., Ch. 1083 (H.B. 4775), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3876 - Alden Lake Management District
Subchapter E. General Financial Provisions
Section 3876.201. Disbursements and Transfers of Money
Section 3876.202. Money Used for Improvements or Services
Section 3876.203. Petition Required for Financing Services and Improvements With Assessments
Section 3876.204. Method of Notice for Hearing
Section 3876.205. Assessments; Liens for Assessments
Section 3876.206. Utility Property Exempt From Impact Fees and Assessments
Section 3876.207. Residential Property
Section 3876.208. Operation and Maintenance Tax
Section 3876.209. Contract Taxes
Section 3876.210. Authority to Borrow Money and to Issue Bonds
Section 3876.211. Taxes for Bonds
Section 3876.212. Elections Regarding Taxes and Bonds
Section 3876.213. City Not Required to Pay District Obligations