Gavvy: Spec. Dist. Loc. Laws Code, Sec. 6903.306. Bonds Payable from Ad Valorem Taxes.

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Sec. 6903.306. Bonds Payable from Ad Valorem Taxes.

Sec. 6903.306. BONDS PAYABLE FROM AD VALOREM TAXES. The district may issue bonds payable from:

(1) ad valorem taxes imposed on taxable property in the district; or

(2) ad valorem taxes and revenue of the district.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.

Gavvy last updated this database on: Sep 6, 2024