Sec. 11002.157. EFFECT OF CONVEYANCE ON DISTRICT DEBT

Latest version.

Conveyance of a public improvement to a receiving 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 debt; or
(2) the district's responsibility to perform the obligations provided by an order or resolution authorizing bonds or other debt.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1189 , Sec. 1, eff. June 17, 2011.

                    
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