Sec. 3891.156. 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 an 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. 1102 (H.B. 4829), 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 3891 - Harris-Montgomery Counties Management District
Subchapter D. General Financial Provisions
Section 3891.151. Operation and Maintenance Tax
Section 3891.152. Contract Taxes
Section 3891.153. Authority to Issue Bonds and Other Obligations
Section 3891.154. Hotel Occupancy Tax
Section 3891.155. Sales and Use Tax
Section 3891.156. Taxes for Bonds
Section 3891.157. Bonds for Road Projects
Section 3891.1571. Bonds for Recreational Facilities