Sec. 3980.0506. 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 2019, 86th Leg., R.S., Ch. 556 (H.B. 4683), Sec. 1, eff. June 10, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3980 - Hunter Ranch Improvement District No. 1 of Denton County, Texas
Section 3980.0501. Tax Election Required
Section 3980.0502. Operation and Maintenance Tax
Section 3980.0503. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3980.0504. Bonds Secured by Revenue or Contract Payments
Section 3980.0505. Bonds Secured by Ad Valorem Taxes; Elections
Section 3980.0506. City Not Required to Pay District Obligations