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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) After territory is annexed to the district, the board may order an election in the district as enlarged to determine whether the district as enlarged shall assume any tax-supported bonds then outstanding and those previously voted but not yet sold and impose an ad valorem tax on all taxable property in the district as enlarged to pay the bonds, unless the proposition is voted along with the annexation election and becomes binding on the territory annexed.
(b) An election ordered under Subsection (a) shall be held in the same manner as an election under this chapter for the issuance of bonds. (Acts 54th Leg., R.S., Ch. 141, Sec. 5(j).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 6913.060. Assumption of Debt; Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-6913-060/
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