{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7803.206","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7803.206","heading":"TAXES FOR BONDS.","body":"The board may impose continuing direct annual ad valorem taxes on all taxable property in the district sufficient to:\n(1) provide for the payment of interest on bonds issued under this subchapter as the interest accrues; and\n(2) create and provide a sinking fund for the payment of principal of the bonds as the principal matures.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.02, eff. April 1, 2015.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE E. LEVEE IMPROVEMENT DISTRICTS","CHAPTER 7803. IRVING FLOOD CONTROL DISTRICT SECTION I","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7803.htm#7803.206","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"a7b509b9aa32b62aebe6ea823ad6b0138a71d8ca7d9e6965dc7a95404e62e7fc","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7803.205","next":"us-tx/tex.-special-district-local-laws-code-7803.207"},"notice":"GroundRules: Original legal text. Not legal advice."}