Texas Special District Local Laws Code
Sec. § 8109.303
Taxes for Bonds


(a)

At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of an ad valorem tax, without limit as to rate or amount, as required by Section 54.601 (Tax Levy for Bonds), Water Code.

(b)

The board shall annually impose the tax while all or part of the bonds are outstanding. Sections 54.601 (Tax Levy for Bonds) and 54.602 (Establishment of Tax Rate in Each Year), Water Code, govern the amount and rate of the tax.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1194 (H.B. 3845), Sec. 2, eff. June 17, 2011.
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Last accessed
Jan. 27, 2020