Acquisition of Existing Facilities

Sec. 9601.106. ACQUISITION OF EXISTING FACILITIES. If the district acquires existing works, improvements, facilities, plants, equipment, or appliances that are completed, partially created, or under construction, the district may: (1) assume the contracts and obligations of the previous owner; and (2) perform the obligations of the previous owner in the same manner and to the same extent that any other purchaser or assignee would be bound. Added by Acts 2009, 81st Leg., R.S., Ch. 523 (S.B. 1223), Sec. 1, eff. June 19, 2009. SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS