Tex. Spec. Dists. Code § 3878.255

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 3878.255 - Debts of Original Districts

After two districts are consolidated, the consolidated district shall protect the debts and obligations of the original districts and shall ensure that the debts and obligations are not impaired. If the consolidated district has taxing authority, the debts may be paid by taxes imposed on the land in the original districts as if they had not consolidated or from contributions from the consolidated district on terms stated in the consolidation agreement.

Tex. Spec. Dist. Loc. Laws § 3878.255

Added by Acts 2009, 81st Leg., R.S., Ch. 1068, Sec. 1, eff. 6/19/2009.