Tex. Spec. Dist. Local Laws Code Section 3886.252
Collection of Assessments and Other Revenue

(a)

If the dissolved district has bonds or other obligations outstanding secured by and payable from assessments or other revenue, other than ad valorem taxes, the town shall succeed to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.

(b)

The town shall have and exercise all district powers to enforce and collect the assessments or other revenue to pay:

(1)

the bonds or other obligations when due and payable according to their terms; or

(2)

special revenue or assessment bonds or other obligations issued by the town to refund the outstanding bonds or obligations.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.

Source: Section 3886.252 — Collection of Assessments and Other Revenue, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3886.­htm#3886.­252 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 3886.252’s source at texas​.gov