Tex. Spec. Dist. Local Laws Code Section 8489.259
Taxation for Outstanding Bonded Debt

(a)

The disannexation of territory from an emergency services district under this subchapter does not diminish or impair the rights of holders of any outstanding and unpaid bonds of the existing emergency services district.

(b)

Property disannexed under this subchapter is not released from its pro rata share of any of the existing emergency services district’s bonded indebtedness on the date of the disannexation and the existing emergency services district may continue to tax property in the disannexed territory until that debt is paid as if the territory had not been disannexed.

(c)

After the date a petition is filed under Section 8489.253 (Petition for Division; Notice of Hearing) to divide an emergency services district, the emergency services district may not pledge ad valorem tax revenue or sales tax revenue from the territory that is proposed in the petition to be disannexed from the emergency services district unless the division of the emergency services district fails to be approved at an election under this subchapter.

Added by Acts 2023, 88th Leg., R.S., Ch. 976 (S.B. 2370), Sec. 1, eff. June 18, 2023.

Source: Section 8489.259 — Taxation for Outstanding Bonded Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8489.htm#8489.259 (accessed Jun. 5, 2024).

8489.001
Definitions 8489.002
Nature of District 8489.003
Confirmation and Directors’ Election Required 8489.004
Consent of Municipality and Development Agreement Required 8489.005
Findings of Public Purpose and Benefit 8489.006
Initial District Territory 8489.051
Governing Body 8489.052
Temporary Directors 8489.101
General Powers and Duties 8489.102
Municipal Utility District Powers and Duties 8489.103
Authority for Road Projects 8489.104
Road Standards and Requirements 8489.105
Water and Wastewater Infrastructure 8489.106
Compliance with Municipal Consent Ordinance or Resolution and Development Agreement 8489.107
Division of District 8489.108
Limitation on Annexation of Land by District 8489.109
Municipal Annexation Adjacent to District 8489.110
Limits on District Services 8489.151
Elections Regarding Taxes or Bonds 8489.152
Operation and Maintenance Tax 8489.153
Contract Taxes 8489.201
Authority to Issue Bonds and Other Obligations 8489.202
Taxes for Bonds 8489.203
Bonds for Road Projects 8489.251
Definition 8489.252
Authority to Divide District 8489.253
Petition for Division 8489.254
Hearing on Division of Emergency Services District 8489.255
Election to Confirm Division 8489.256
Division Order 8489.257
Termination of Authority to Impose Sales and Use Taxes 8489.258
Administration of Emergency Services District After Division 8489.259
Taxation for Outstanding Bonded Debt

Accessed:
Jun. 5, 2024

§ 8489.259’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8489.259

Original Source: Section 8489.259 — Taxation for Outstanding Bonded Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8489.htm#8489.259 (last accessed Jun. 5, 2024).