Texas Special District Local Laws Code § 3886.252 Collection Of Assessments And Other Revenue

Sec. 3886.252. COLLECTION OF ASSESSMENTS AND OTHER REVENUE. (a) If the dissolved district has bonds or other obligations outstanding secured by and payable from assessments or other revenue, other than ad valorem taxes, the town shall succeed to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.

(b) The town shall have and exercise all district powers to enforce and collect the assessments or other revenue to pay:

(1) the bonds or other obligations when due and payable according to their terms; or

(2) special revenue or assessment bonds or other obligations issued by the town to refund the outstanding bonds or obligations.

Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.

Section: Previous  3886.108  3886.109  3886.110  3886.111  3886.151  3886.152  3886.153  3886.154  3886.201  3886.202  3886.203  3886.204  3886.205  3886.251  3886.252

Last modified: September 28, 2016