Tex. Spec. Dists. Code § 11002.157

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 11002.157 - Effect of Conveyance on District Debt

Conveyance of a public improvement to a receiving entity under this subchapter does not affect:

(1) the sole responsibility of the district to pay in full the principal of and interest and any premium on any outstanding district bonds or other debt; or

(2) the district's responsibility to perform the obligations provided by an order or resolution authorizing bonds or other debt.

Tex. Spec. Dist. Loc. Laws § 11002.157

Added by Acts 2011, 82nd Leg., R.S., Ch. 1189, Sec. 1, eff. 6/17/2011.