Sec. 441.136. EFFECT OF CONVEYANCE ON INDEBTEDNESS. Conveyance of a road facility to a governmental 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 indebtedness; or
(2) the district's responsibility to perform the obligations provided by the orders or resolutions authorizing the bonds or other indebtedness.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle J - Road Utility Districts
Chapter 441 - Road Utility Districts
Subchapter G. Conveyance of Road Facility
Section 441.131. Hearing on Final Approval
Section 441.132. Decision on Approval
Section 441.133. Conveyance Required
Section 441.134. Commission Conveyance Order
Section 441.135. Transfer of Ownership and Responsibility