Taxes For Bonds

Tex. Special District Local Laws Code § 9084.0502, under Wood Trace Water Control and Improvement District of Montgomery County, Texas.

Tex. Special District Local Laws Code § 9084.0502

Sec. 9084.0502. 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 Chapter 51, Water Code. Added by Acts 2019, 86th Leg., R.S., Ch. 933 (H.B. 4643), Sec. 1, eff. June 10, 2019.