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Tex. Transp. Code § 441.136

EFFECT OF CONVEYANCE ON INDEBTEDNESS

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

Conveyance of a road facility to a governmental 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 indebtedness; or

(2) the district's responsibility to perform the obligations provided by the orders or resolutions authorizing the bonds or other indebtedness.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.