Texas § SD.8163.202 - TAXES FOR BONDS
Full text of Texas The Texas Constitution § SD.8163.202 — TAXES FOR BONDS, with citation guidance and answers to common questions.
§ SD.8163.202. TAXES FOR BONDS
TAXES FOR BONDS. At the time bonds payable wholly or partly from ad valorem taxes are issued: (1) the board shall impose a continuing direct annual ad valorem tax, without limit as to rate or amount, for each year that all or part of the bonds are outstanding; and (2) the district annually shall impose an ad valorem tax on all taxable property in the district in an amount sufficient to: (A) pay the interest on the bonds as the interest becomes due; (B) create a sinking fund for the payment of the principal of the bonds when due or the redemption price at any earlier required redemption date; and (C) pay the expenses of imposing the taxes. Added by Acts 2007, 80th Leg., R.S., Ch. 159 (S.B. 1660 ), Sec. 1, eff. May 21, 2007.
Frequently Asked Questions About Texas § SD.8163.202
What does The Texas Constitution § SD.8163.202 cover?
Section SD.8163.202 ("TAXES FOR BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.8163.202?
A common citation format is "The Texas Constitution § SD.8163.202" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.8163.202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.