Texas § 54.749 TAX LIABILITY OF EXCLUDED LAND; BONDS OUTSTANDING.

Texas Statutes

§ 54.749 — TAX LIABILITY OF EXCLUDED LAND; BONDS OUTSTANDING.

Texas § 54.749

Code WAWater Code

This text of Texas § 54.749 (TAX LIABILITY OF EXCLUDED LAND; BONDS OUTSTANDING.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Water Code Code Ann. § 54.749 (2026).

Text

Sec. 54.749. TAX LIABILITY OF EXCLUDED LAND; BONDS OUTSTANDING.

(a)Land excluded from the district under Section 54.748 that is pledged as security for any outstanding debt of the district remains pledged for its pro rata share of the debt until final payment is made. The district shall continue to levy and collect taxes on the excluded land at the same rate levied on land remaining in the district until the amount of taxes collected from the excluded land equals the land's pro rata share of the district's debt outstanding at the time the land was excluded from the district.

(b)The district shall apply the taxes collected on the excluded land only to the payment of the excluded land's pro rata share of the debt. SUBCHAPTER J. SERVICES FOR CERTAIN DEFINED AREAS AND DESIGNATED PROPERTY

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 54.749. TAX LIABILITY OF EXCLUDED LAND; BONDS OUTSTANDING. (a) Land excluded from the district under Section 54.748 that is pledged as security for any outstanding debt of the district remains pledged for its pro rata share of the debt until final payment is made. The district shall continue to levy and collect taxes on the excluded land at the same rate levied on land remaining in the district until the amount of taxes collected from the excluded land equals the land's pro rata share of the district's debt outstanding at the time the land was excluded from the district.
(b) The district shall apply the taxes collected on the excluded land only to the payment of the excluded land's pro rata share of the debt.
SUBCHAPTER J. SERVICES FOR CERTAIN DEFINED AREAS AND DESIGNATED PROPERTY