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.
Tex. Spec. Dist. Local Laws Code § 9043.102
TAXES FOR BONDS
Added by Acts 2013, 83rd Leg., R.S., Ch. 823 (S.B. 1852), 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.