Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 6. WATER AND WASTEWATER |
Subtitle F. MUNICIPAL UTILITY DISTRICTS |
Chapter 8135. WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 22 |
Subchapter D. DIVISION OF DISTRICT INTO MULTIPLE DISTRICTS |
Sec. 8135.156. CONTINUING POWERS AND OBLIGATIONS OF NEW DISTRICTS
Latest version.
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(a) Each new district may incur and pay debts and has all powers of the original district created by this chapter.
(b) If the district is divided as provided by this subchapter, the current obligations and any bond authorizations of the district are not impaired. Debts shall be paid by revenues or by taxes or assessments imposed on real property in the district as if the district had not been divided or by contributions from each new district as stated in the terms set by the board in the plan for division.
(c) Any other district obligation shall be divided pro rata among the new districts on an acreage basis or on other terms that are satisfactory to the new districts.
Added by Acts 2005, 79th Leg., Ch. 464 , Sec. 1, eff. September 1, 2005.