Sec. 1020.354. TRANSFER OF DISTRICT ASSETS. (a) If a majority of the votes in an election held under this subchapter favor dissolution and transfer of the district's assets and obligations, the board shall transfer to Deaf Smith County the land, buildings, improvements, equipment, and other assets that belong to the district.
(b) Deaf Smith County assumes all debts and obligations of the district at the time of the transfer.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Section: Previous 1020.252 1020.253 1020.254 1020.255 1020.256 1020.257 1020.258 1020.301 1020.302 1020.303 1020.304 1020.305 1020.351 1020.352 1020.353Last modified: September 28, 2016