Assumption of Debt Share

Sec. 441.215. ASSUMPTION OF DEBT SHARE. 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. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.