Taxes For Bonds

Tex. Special District Local Laws Code § 8097.0302, under Collin County Municipal Utility District No. 2.

Tex. Special District Local Laws Code § 8097.0302

Sec. 8097.0302. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the district 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. Added by Acts 2019, 86th Leg., R.S., Ch. 1196 (H.B. 4672), Sec. 1, eff. June 14, 2019.