Texas § ED.49.260 - OPTIONAL TOTAL TAX BASE CONSOLIDATION
Full text of Texas The Texas Constitution § ED.49.260 — OPTIONAL TOTAL TAX BASE CONSOLIDATION, with citation guidance and answers to common questions.
§ ED.49.260. OPTIONAL TOTAL TAX BASE CONSOLIDATION
OPTIONAL TOTAL TAX BASE CONSOLIDATION. (a) An agreement executed under Section 49.251 may provide for total tax base consolidation instead of consolidation for maintenance and operation purposes only. (b) Under an agreement providing for total tax base consolidation: (1) the component districts may not levy maintenance or bond taxes, except to the extent necessary to retire bonds and other obligations issued before the effective date of the consolidation; (2) the joint board may issue bonds and levy, pledge, and collect ad valorem taxes sufficient to pay the principal of and interest on those bonds, and issue refunding bonds, as provided by Chapter 45 for independent school districts; and (3) to the end of the ballot proposition required under Section 49.253 (a) shall be added ", and further to create a consolidated tax base for the repayment of all bonded indebtedness issued by the joint board of the taxing district after the effective date of the consolidation and to authorize the joint board to levy, pledge, and collect ad valorem taxes at a rate sufficient to pay the principal of and interest on those bonds." (c) Under an agreement providing for total tax base consolidation: (1) the component districts may provide for the consolidated taxing district to assume all of the indebtedness of all component districts; and (2) to the end of the ballot proposition required by Section 49.253 (a) shall be added ", and further to create a consolidated tax base for the repayment of all bonded indebtedness issued by the joint board of the taxing district or previously issued by the component school districts and to authorize the joint board to levy, pledge, and collect ad valorem taxes at a rate sufficient to pay the principal of and interest on those bonds." Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Transferred, redesignated and amended from Education Code, Subchapter F, Chapter 41 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3 ), Sec. 1.058, eff. September 1, 2019. SUBCHAPTER G. DETACHMENT AND ANNEXATION BY COMMISSIONER
Frequently Asked Questions About Texas § ED.49.260
What does The Texas Constitution § ED.49.260 cover?
Section ED.49.260 ("OPTIONAL TOTAL TAX BASE CONSOLIDATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.49.260?
A common citation format is "The Texas Constitution § ED.49.260" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.49.260 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.