Texas Special District Local Laws Code § 11002.157 Effect Of Conveyance On District Debt

Sec. 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.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1189 (H.B. 3804), Sec. 1, eff. June 17, 2011.

Section: Previous  11002.113  11002.151  11002.152  11002.153  11002.154  11002.155  11002.156  11002.157  11002.201  11002.202  11002.203  11002.204  11002.205  11002.206  11002.251  Next

Last modified: September 28, 2016