Texas Transportation Code

§ 441.136 — EFFECT OF CONVEYANCE ON INDEBTEDNESS

TN § 441.136Title 6. ROADWAYS · Part J. ROAD UTILITY DISTRICTS · Ch. 441. ROAD UTILITY DISTRICTS · Art. G. CONVEYANCE OF ROAD FACILITY

Statute text

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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.

Legislative history

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