Sec. 3929.303. 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) revenue or assessment bonds or other obligations issued by the city to refund the outstanding bonds or obligations of the district.
Added by Acts 2015, 84th Leg., R.S., Ch. 978 (H.B. 3605), Sec. 1, eff. September 1, 2015.
Section: Previous 3929.201 3929.202 3929.203 3929.204 3929.205 3929.251 3929.252 3929.253 3929.254 3929.255 3929.256 3929.257 3929.301 3929.302 3929.303Last modified: September 28, 2016