Texas Agriculture Code - Section 78.065. Dissolution
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§ 78.065. DISSOLUTION. (a) After a dissolution order has
been issued, the board may not exercise any power except to
terminate the affairs of the district.
(b) If at the time of dissolution the district does not have
sufficient funds to pay claims against the district and if annual
assessments already imposed are insufficient to pay the claims, the
board may impose and collect further annual assessments in an
amount necessary to pay the claims.
(c) If at the time of dissolution there are no claims
against the district, the board shall pay any remaining funds to the
treasuries of the counties located in the district. Each county
shall deposit the funds received to the credit of the general fund
of the county. The amount of the payment to each county must be in
the same proportion as the area of the county is to the total area of
the district.
Acts 1981, 67th Leg., p. 1217, ch. 388, § 1, eff. Sept. 1, 1981.
Section: 78.055 78.056 78.057 78.061 78.062 78.063 78.064 78.065 78.071 79.001 79.002 79.003 79.004 79.005 79.006
Last modified: August 10, 2007
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