Section 1471.086 - Creation of Road District Containing Entire Territory of Existing District(a) If a road district is created that contains all of the territory of an existing commissioners or justice precinct or road district that has outstanding road bonds, the newly created district:(1) shall fully compensate the existing precinct or district in an amount equal to the amount of outstanding road bonds; and(2) may issue bonds to: (A) purchase or construct roads in the existing precinct or district;(B) further construct, maintain, or operate macadamized, graveled, or paved roads or turnpikes in the new district; or(C) aid in a purpose described by Paragraph (A) or (B).(b) The compensation shall be made and the bonds issued in the form and manner for county bonds under Sections 1471.081-1471.085 except that the petition must be signed by 50 or a majority of the registered voters of the new district.Tex. Gov't. Code § 1471.086
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.