Texas Special District Local Laws Code - Section 3816.201. Dissolution Of District With Outstanding Debt
Legal Research Home >
Texas Laws > Special District Local Laws Code > Texas Special District Local Laws Code - Section 3816.201. Dissolution Of District With Outstanding Debt
§ 3816.201. DISSOLUTION OF DISTRICT WITH OUTSTANDING
DEBT. (a) The board may dissolve the district regardless of
whether the district has debt. Section 375.264, Local Government
Code, does not apply to the district.
(b) If the district has debt when it is dissolved, the
district shall remain in existence solely for the purpose of
discharging its debts. The dissolution is effective when all debts
have been discharged.
Acts 2003, 78th Leg., ch. 1277, § 1, eff. April 1, 2005.
Section: 3816.154 3816.155 3816.156 3816.157 3816.158 3816.159 3816.160 3816.201 3817.001 3817.002 3817.003 3817.004 3817.005 3817.006 3817.007
Last modified: August 11, 2007
|
