At the time preliminary bonds are issued, a tax shall be levied to pay principal and interest as the bonds mature and to pay the cost of assessing and collecting the taxes.
Tex. Water Code § 51.407
TAX TO PAY PRELIMINARY BONDS
Acts 1971, 62nd Leg., p. 336, ch. 58, 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.