Sec. 3878.255. DEBTS OF ORIGINAL DISTRICTS. After two districts are consolidated, the consolidated district shall protect the debts and obligations of the original districts and shall ensure that the debts and obligations are not impaired. If the consolidated district has taxing authority, the debts may be paid by taxes imposed on the land in the original districts as if they had not consolidated or from contributions from the consolidated district on terms stated in the consolidation agreement.
Added by Acts 2009, 81st Leg., R.S., Ch. 1068 (H.B. 4722), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3878 - Harris County Improvement District No. 11
Section 3878.251. Consolidation With Municipal Management District
Section 3878.252. Terms and Conditions for Consolidation
Section 3878.253. Notice and Hearing on Consolidation
Section 3878.254. Governing Consolidated Districts
Section 3878.255. Debts of Original Districts
Section 3878.256. Assessment and Collection of Taxes
Section 3878.257. Filing of Order With County Clerk and Executive Director