Sec. 3897.353. COLLECTION OF ASSESSMENTS AND OTHER REVENUE. (a) If the dissolved district has obligations, other than bonds, outstanding secured by and payable from assessments or other revenue, other than ad valorem taxes, the municipality in which the project that generated the revenue is located shall succeed to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.
(b) The municipality shall have and exercise all district powers to enforce and collect the assessments or other revenue to pay:
(1) the obligations when due and payable according to their terms; or
(2) special revenue or assessment bonds or other obligations issued by the municipality to refund the outstanding obligations.
Added by Acts 2011, 82nd Leg., R.S., Ch. 656 (S.B. 1184), Sec. 1, eff. June 17, 2011.
Section: Previous 3897.256 3897.257 3897.258 3897.259 3897.260 3897.301 3897.302 3897.303 3897.304 3897.305 3897.306 3897.307 3897.351 3897.352 3897.353Last modified: September 28, 2016