Texas Special District Local Laws Code - Section 1002.205. Transfer Or Administration Of Assets
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§ 1002.205. TRANSFER OR ADMINISTRATION OF ASSETS. (a) If
a majority of the votes in the election held under this subchapter
favor dissolution, the board shall:
(1) transfer the land, buildings, improvements,
equipment, and other assets that belong to the district to Brazoria
County or another governmental agency in Brazoria County; or
(2) administer the property, assets, and debts until
all funds have been disposed of and all district debts have been
paid or settled.
(b) If the board makes the transfer under Subsection (a)(1),
the county or agency assumes all debts and obligations of the
district at the time of the transfer, and the district is dissolved.
Acts 2003, 78th Leg., ch. 1277, § 1, eff. April 1, 2005.
Section: 1002.153 1002.154 1002.155 1002.201 1002.202 1002.203 1002.204 1002.205 1002.206 1002.207 1002.208 1002.251 1002.252 1002.301 1002.302
Last modified: August 10, 2007
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