Sec. 3892.255. 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. 1101 (H.B. 4828), 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 3892 - Harris County Improvement District No. 21
Section 3892.251. Consolidation With Municipal Management District
Section 3892.252. Terms and Conditions for Consolidation
Section 3892.253. Notice and Hearing on Consolidation
Section 3892.254. Governing Consolidated Districts
Section 3892.255. Debts of Original Districts
Section 3892.256. Assessment and Collection of Taxes
Section 3892.257. Filing of Order With County Clerk and Executive Director