Texas Special District Local Laws Code § 8108.254 Continuing Powers And Obligations Of New Districts

Sec. 8108.254. CONTINUING POWERS AND OBLIGATIONS OF NEW DISTRICTS. (a) Each new district may incur and pay debts and has all powers of the original district created by this chapter.

(b) If the district is divided as provided by this subchapter, the current obligations and any bond authorizations of the district are not impaired. Debts shall be paid by revenues or by taxes or assessments imposed on real property in the district as if the district had not been divided or by contributions from each new district as stated in the terms set by the board under Section 8108.251(d).

(c) Any other district obligation shall be divided pro rata among the new districts on an acreage basis or on other terms that are satisfactory to the new districts.

Added by Acts 2005, 79th Leg., Ch. 520 (H.B. 813), Sec. 1, eff. June 17, 2005.

Section: Previous  8108.051  8108.052  8108.101  8108.102  8108.103  8108.104  8108.105  8108.151  8108.152  8108.153  8108.201  8108.251  8108.252  8108.253  8108.254

Last modified: September 28, 2016