{"data":{"id":"us-tx/tex.-local-government-code-504.104","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 504.104","heading":"ASSUMPTION OR PAYMENT OF PREEXISTING DEBT PROHIBITED.","body":"A Type A corporation may not:\n(1) assume a debt that existed before the date the authorizing municipality authorized the creation of the corporation; or\n(2) make an expenditure to pay the principal of or interest on a debt that existed before the date prescribed by Subdivision (1).\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 504. TYPE A CORPORATIONS","SUBCHAPTER C. GENERAL POWERS AND DUTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.504.htm#504.104","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"bec658d89a70962ee6c4daa19bba0e6acc2b174c15174655e685591616f11578","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-504.103","next":"us-tx/tex.-local-government-code-504.105"},"notice":"GroundRules: Original legal text. Not legal advice."}