Sec. 8093.0302. 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.
Added by Acts 2019, 86th Leg., R.S., Ch. 700 (S.B. 2535), Sec. 1, eff. June 10, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8093 - Lakehaven Municipal Utility District
Subchapter C. Bonds and Other Obligations
Section 8093.0301. Authority to Issue Bonds and Other Obligations for Road Projects
Section 8093.0302. Taxes for Bonds
Section 8093.0303. Condition Precedent to Issuing Bonds or Other Obligations