Special District Local Laws Code § 8300.202
When bonds backed by ad valorem taxes are issued, the board must levy a continuing annual ad valorem tax, and the district must annually levy enough ad valorem tax on all taxable property to cover bond interest, principal or redemption, and tax-imposition expenses.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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ad valorem tax bond financing
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Special District Local Laws Code § 8300.202
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