Tex. Transportation Code § 441.136
This is the official text of Tex. Transportation Code § 441.136, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 441.136. EFFECT OF CONVEYANCE ON INDEBTEDNESS.
Official statutory text
Conveyance of a road facility to a governmental entity under this subchapter does not affect:
(1) the sole responsibility of the district to pay in full the principal of and interest and any premium on any outstanding district bonds or other indebtedness; or
(2) the district's responsibility to perform the obligations provided by the orders or resolutions authorizing the bonds or other indebtedness.
(1) the sole responsibility of the district to pay in full the principal of and interest and any premium on any outstanding district bonds or other indebtedness; or
(2) the district's responsibility to perform the obligations provided by the orders or resolutions authorizing the bonds or other indebtedness.
Status: in_force · Read it on the official government site
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