ASSUMPTION OF DEBT SHARE.

Tex. TRANSP Code § 441.215.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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