Texas Special District Local Laws Code 3869.203 – Assumption of Assets and Liabilities
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Terms Used In Texas Special District Local Laws Code 3869.203
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
After the city dissolves the district, the city assumes, subject to the appropriation and availability of funds, the obligations of the district, including any bonds or other revenue.