Sec. 441.215. ASSUMPTION OF DEBT SHARE

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The board may require each petitioner to:
(1) assume the petitioner's share of any outstanding district bonds or voted but unissued bonds; and
(2) authorize the board to impose a tax on the petitioner's property in each year that any of those bonds are outstanding.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

                    
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