The governing body of the municipality shall impose an annual ad valorem tax sufficient to pay when due the principal of and interest on each certificate of indebtedness issued under this subchapter.
Tex. Gov't Code § 1501.158
IMPOSITION OF AD VALOREM TAX
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.