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Tex. Transp. Code § 441.215

ASSUMPTION OF DEBT SHARE

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

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.

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