Sec. 9016.202. 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 Section 51.433, Water Code.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1043 (H.B. 3111), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9016 - Midland County Utility District
Subchapter E. Bonds and Other Obligations
Section 9016.201. Authority to Issue Bonds and Other Obligations
Section 9016.202. Taxes for Bonds
Section 9016.203. Limitation on Tax Rate
Section 9016.204. Bonds and Other Obligations Not to Be Paid by Municipality or County