Sec. 3960.206. CITY NOT REQUIRED TO PAY DISTRICT OBLIGATIONS. Except as provided by Section 375.263, Local Government Code, the city is not required to pay a bond, note, or other obligation of the district.
Added by Acts 2017, 85th Leg., R.S., Ch. 634 (H.B. 4315), Sec. 1, eff. June 12, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3960 - Beaumont Municipal Management District No. 1
Section 3960.201. Elections Regarding Taxes and Bonds
Section 3960.202. Operation and Maintenance Tax
Section 3960.203. Contract Taxes
Section 3960.204. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3960.205. Taxes for Bonds
Section 3960.206. City Not Required to Pay District Obligations