Sec. 8085.0502. 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 2019, 86th Leg., R.S., Ch. 327 (H.B. 4641), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8085 - Montgomery County Municipal Utility District No. 177 of Montgomery County
Subchapter E. Bonds and Other Obligations
Section 8085.0501. Authority to Issue Bonds and Other Obligations