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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 7803.206: TAXES FOR BONDS.

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Where this section sits in the code
  1. SPECIAL DISTRICT LOCAL LAWS CODE
  2. TITLE 6. WATER AND WASTEWATER
  3. SUBTITLE E. LEVEE IMPROVEMENT DISTRICTS
  4. CHAPTER 7803. IRVING FLOOD CONTROL DISTRICT SECTION I
  5. SUBCHAPTER E. BONDS

The board 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.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.02, eff. April 1, 2015.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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