Education Code › Title 2 › Chapter 49 › Subchapter C
Texas Education Code § 49.104
Allocation of Indebtedness
Options for Local Revenue Levels in Excess of Entitlement · Detachment and Annexation by Agreement
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.
Official text of the Texas Education Code as published by the Texas Legislative Council.
Legislative history
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Transferred, redesignated and amended from Education Code, Subchapter C, Chapter 41 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.051, eff. September 1, 2019.