Sec. 3833.158. EFFECT OF CONVEYANCE ON DISTRICT DEBT. Conveyance of a public improvement to the appropriate 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 the orders or resolutions authorizing the bonds or other debt.
Added by Acts 2005, 79th Leg., Ch. 468 (S.B. 1892), Sec. 1, eff. June 17, 2006.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3833 - Espada Development District
Subchapter D. Transfer of Public Improvements
Section 3833.151. Transfer of Certain Improvements Required
Section 3833.152. Construction Standards
Section 3833.153. Optional Transfer for Certain Improvements
Section 3833.154. Partial Transfer in Stages
Section 3833.155. Transfer Without Debt Required
Section 3833.156. Ownership and Responsibility After Transfer
Section 3833.157. Contract With District to Maintain Improvement After Transfer