Tex. Water Code § 51.751

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 51.751 - Current Obligations of Original District

After the division of the original district into two or more districts, the current obligations and any bond authorizations of the original district are protected and are not impaired. These debts may be paid by taxes, revenues, or assessments levied on the land in the original district as if it had not divided or contributions from each of the resulting districts on terms stated in the division proposed by the board and approved by the election under Section 51.749 of this code.

Tex. Water Code § 51.751

Added by Acts 1989, 71st Leg., ch. 280, Sec. 1, eff. 8/28/1989.