Sec. 3877.211. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct 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. 587 (S.B. 2467), 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 3877 - Waller Town Center Management District
Subchapter E. General Financial Provisions
Section 3877.201. Disbursements and Transfers of Money
Section 3877.202. Money Used for Improvements or Services
Section 3877.203. Petition Required for Financing Services and Improvements With Assessments
Section 3877.204. Method of Notice for Hearing
Section 3877.205. Assessments; Liens for Assessments
Section 3877.206. Utility Property Exempt From Impact Fees and Assessments
Section 3877.207. Residential Property
Section 3877.208. Operation and Maintenance Tax
Section 3877.209. Contract Taxes
Section 3877.210. Authority to Borrow Money and to Issue Bonds
Section 3877.211. Taxes for Bonds
Section 3877.212. Elections Regarding Taxes and Bonds