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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) At the time the district issues bonds payable from ad valorem taxes, the board shall impose a continuing direct annual ad valorem tax, without limit as to rate or amount, as required by Section 54.601, Water Code.
(b) The board shall annually impose the tax while all or part of the bonds are outstanding.Sections 54.601 and 54.602, Water Code, govern the amount and rate of the tax.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 3900.206. Taxes for Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-3900-206/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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