Sec. 8341.252. COLLECTION OF REVENUE OTHER THAN AD VALOREM TAXES. If at the time of dissolution the district has outstanding bonds or other obligations secured by and payable from revenue described by Section 8341.201 other than ad valorem taxes, the municipality succeeds to the rights and obligations of the district regarding enforcement and collection of the revenue and shall enforce and collect revenue as necessary to pay for:
(1) the bonds or other obligations issued by the district when due and payable according to their terms; or
(2) special revenue or assessment bonds or other obligations issued by the City of Greenville to refund the outstanding bonds or obligations.
Added by Acts 2011, 82nd Leg., R.S., Ch. 469 (H.B. 315), Sec. 1, eff. June 17, 2011.
Section: Previous 8341.105 8341.106 8341.107 8341.108 8341.109 8341.110 8341.151 8341.152 8341.153 8341.201 8341.202 8341.203 8341.204 8341.251 8341.252Last modified: September 28, 2016