Sec. 386.302. DISSOLUTION BY BOARD REQUEST. A board may petition a creating body to dissolve the development zone under Section 386.301 if a majority of the board finds at any time:
(1) before the authorization of bonds or the final lending of its credit that the continuation of the development zone is impracticable or cannot be successfully and beneficially accomplished; or
(2) that all bonds of the development zone or other debts of the zone have been paid and the purposes of the zone have been accomplished.
Added by Acts 2001, 77th Leg., ch. 1390, Sec. 1, eff. June 16, 2001.
Section: Previous 386.065 386.066 386.067 386.068 386.069 386.101 386.102 386.103 386.104 386.105 386.106 386.201 386.202 386.301 386.302Last modified: September 28, 2016