Texas Special District Local Laws Code § 3918.252 Collection Of Assessments And Other Revenue

Sec. 3918.252. 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, the city succeeds to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.

(b) The city 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 city to refund the outstanding bonds or obligations of the district.

Added by Acts 2013, 83rd Leg., R.S., Ch. 1308 (H.B. 3914), Sec. 1, eff. September 1, 2013.

Section: Previous  3918.151  3918.152  3918.153  3918.154  3918.155  3918.201  3918.202  3918.203  3918.204  3918.205  3918.206  3918.207  3918.208  3918.251  3918.252

Last modified: September 28, 2016