Sec. 9055.059. ASSUMPTION OF DEBT; TAXES. (a) After territory is annexed to the district, the board may hold an election in the district as enlarged to determine whether the district as enlarged shall assume any tax-supported bonds then outstanding and those previously voted but not yet sold and impose an ad valorem tax on all taxable property in the district as enlarged to pay the bonds, unless the proposition is voted along with the annexation election and becomes binding on the territory annexed.
(b) An election held under Subsection (a) shall be held in the same manner as an election under this chapter for the issuance of bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9055 - Wise County Water Supply District
Subchapter B. District Territory and Annexations to District Territory
Section 9055.051. District Territory
Section 9055.052. Authority to Annex Territory
Section 9055.053. Petition for Annexation; Board Findings and Resolution; Hearing
Section 9055.054. Annexation Hearing
Section 9055.055. Board Findings and Resolution; Election
Section 9055.056. Notice of Annexation Election
Section 9055.057. Election Results
Section 9055.058. Annexation of Certain Municipal Territory