Tex. Gov't Code § 1471.056 · Subchapter C. REFINANCING ROAD DISTRICT BONDS THROUGH ASSESSMENTS
IMPOSITION OF ASSESSMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If, at the conclusion of the hearing, the road district by order determines that the property in the district will benefit from refinancing under this subchapter, the district may:
(1) issue refunding bonds or certificates of assessment to pay all or part of the district's bonded indebtedness; and
(2) impose the assessments as special assessments on the property in the district.
(b) For assessments imposed under Subsection (a), the district:
(1) shall specify the method of payment and rate of interest of the assessments; and
(2) may provide for payment in periodic installments in amounts necessary to pay the principal of and interest on the refunding bonds or certificates of assessment as accrued.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1471.htm
- Text hash
- sha256 973923e418f8d572809fef7a1ea477ac9ae7f33cca355150164195441e9dac06
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.