Tex. Spec. Dists. Code § 7807.206

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 7807.206 - Taxes for Bonds

The board of directors may impose continuing direct annual ad valorem taxes on all taxable property in the district sufficient to:

(1) provide for the payment of interest on bonds issued under this subchapter as the interest accrues; and

(2) create and provide a sinking fund for the payment of principal of the bonds as the principal matures.

Tex. Spec. Dist. Loc. Laws § 7807.206

Added by Acts 2011, 82nd Leg., R.S., Ch. 70, Sec. 1.02, eff. 4/1/2013.