Tex. Educ. Code § 49.104

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 49.104 - Allocation of Indebtedness

The annexation agreement may allocate to the receiving district any portion of the indebtedness of the district from which the territory is detached, and the receiving district assumes and is liable for the allocated indebtedness.

Tex. Educ. Code art. 49.104

Renumbered from Tex. Educ. Code § 41.064 by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 943,Sec. 1.051, eff. 9/1/2019.

Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. 5/30/1995.