Sec. 8150.252. TAXES FOR BONDS AND OTHER OBLIGATIONS. 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 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 2005, 79th Leg., Ch. 1175 (H.B. 3554), Sec. 1, eff. June 18, 2005.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1265 (S.B. 1880), Sec. 14, eff. June 17, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8150 - Imperial Redevelopment District
Subchapter F. Bonds and Other Obligations
Section 8150.251. Authority to Issue Bonds and Other Obligations
Section 8150.252. Taxes for Bonds and Other Obligations
Section 8150.254. Bonds Payable From Revenue From Certain Contracts
Section 8150.257. Approval of Certain Bonds by Texas Commission on Environmental Quality