Tex. Spec. Dist. Local Laws Code Section 9038.202
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 (Tax Levy), Water Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 584 (S.B. 2464), Sec. 1, eff. June 19, 2009.

Source: Section 9038.202 — Taxes for Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9038.­htm#9038.­202 (accessed May 4, 2024).

Accessed:
May 4, 2024

§ 9038.202’s source at texas​.gov