After consolidation, the district shall assess and collect taxes on property in the original districts to pay debts created by the original districts unless each district has assumed the bonds, notes, or other indebtedness payable in whole or in part from taxation of the other consolidating districts.
Tex. Water Code § 54.732
ASSESSMENT AND COLLECTION OF TAXES
Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.