Sec. 11002.157. EFFECT OF CONVEYANCE ON DISTRICT DEBT. Conveyance of a public improvement to a receiving entity under this subchapter does not affect:
(1) the sole responsibility of the district to pay in full the principal of and interest and any premium on any outstanding district bonds or other debt; or
(2) the district's responsibility to perform the obligations provided by an order or resolution authorizing bonds or other debt.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1189 (H.B. 3804), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11002 - Lajitas Utility District No. 1 of Brewster County
Subchapter D. Transfer of Public Improvements
Section 11002.152. Transfer of Certain Improvements Required
Section 11002.153. Construction Standards
Section 11002.154. Partial Transfer in Stages
Section 11002.155. Transfer Without Debt Required
Section 11002.156. Ownership and Responsibility After Transfer