Texas Special District Local Laws Code § 3919.252 Collection Of Assessments And Other Revenue

Sec. 3919.252. 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. 3, eff. September 1, 2013.

Section: Previous  3919.153  3919.154  3919.155  3919.156  3919.157  3919.201  3919.202  3919.203  3919.204  3919.205  3919.206  3919.207  3919.208  3919.251  3919.252

Last modified: September 28, 2016