Sec. 1471.087. CREATION OF ROAD DISTRICT CONTAINING PORTION OF TERRITORY OF EXISTING DISTRICT. (a) If a road district is created that contains a portion of the territory of an existing precinct or district that has outstanding road bonds, the newly created district may issue bonds to:
(1) purchase roads in the existing precinct or district; or
(2) further construct macadamized, graveled, or paved roads or turnpikes in the new district.
(b) The bonds shall be issued in the form and manner prescribed for county bonds under Sections 1471.081-1471.086.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1471 - Bonds for County Roads
Subchapter D. Compensation Bonds
Section 1471.081. Election Authorized
Section 1471.082. Issuance of County Bonds
Section 1471.083. Exchange of Bonds
Section 1471.084. Deposit of County Bonds as Guarantee
Section 1471.085. Terms and Form of Compensation Bonds; Use of Surplus Bonds
Section 1471.086. Creation of Road District Containing Entire Territory of Existing District
Section 1471.087. Creation of Road District Containing Portion of Territory of Existing District