Sec. 3893.255. DEBTS OF ORIGINAL DISTRICTS. After two districts are consolidated, the consolidated district shall protect the debts and obligations of the original districts and shall ensure that the debts and obligations are not impaired. If the consolidated district has taxing authority, the debts may be paid by taxes imposed on the land in the original districts as if they had not consolidated or from contributions from the consolidated district on terms stated in the consolidation agreement.
Added by Acts 2009, 81st Leg., R.S., Ch. 1100 (H.B. 4827), Sec. 1, eff. June 19, 2009.
Section: Previous 3893.207 3893.208 3893.209 3893.210 3893.211 3893.212 3893.213 3893.214 3893.251 3893.252 3893.253 3893.254 3893.255 3893.256 3893.257 NextLast modified: September 28, 2016