(2) Notwithstanding ORS 341.575, when territory within Hood River County is annexed to the Columbia Gorge Community College District, the new territory shall not become liable for any existing debt of the Columbia Gorge Community College District that resulted from a bond measure that was approved by the people at a general election held prior to January 1, 2001. [1999 c.1027 §2; 2001 c.836 §1]