Section 8489.259 - Taxation For Outstanding Bonded Debt(a) The disannexation of territory from an emergency services district under this subchapter does not diminish or impair the rights of holders of any outstanding and unpaid bonds of the existing emergency services district. (b) Property disannexed under this subchapter is not released from its pro rata share of any of the existing emergency services district's bonded indebtedness on the date of the disannexation and the existing emergency services district may continue to tax property in the disannexed territory until that debt is paid as if the territory had not been disannexed. (c) After the date a petition is filed under Section 8489.253 to divide an emergency services district, the emergency services district may not pledge ad valorem tax revenue or sales tax revenue from the territory that is proposed in the petition to be disannexed from the emergency services district unless the division of the emergency services district fails to be approved at an election under this subchapter. Tex. Spec. Dist. Loc. Laws § 8489.259
Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 976,Sec. 1, eff. 6/18/2023.