{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7807.206","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7807.206","heading":"TAXES FOR BONDS.","body":"The board of directors 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 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE E. LEVEE IMPROVEMENT DISTRICTS","CHAPTER 7807. VALWOOD IMPROVEMENT AUTHORITY OF DALLAS COUNTY, TEXAS","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7807.htm#7807.206","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"7a052ef1339e1b7b6617f55eb239d3f98a805721364bf9c91b1d89ff554c8a04","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7807.205","next":"us-tx/tex.-special-district-local-laws-code-7807.207"},"notice":"GroundRules: Original legal text. Not legal advice."}