Sec. 3802.201. DISSOLUTION OF DISTRICT WITH OUTSTANDING DEBT. Despite this section and Section 375.264, Local Government Code, the district may be dissolved as provided by Subchapter M, Chapter 375, Local Government Code, if the district has debt. If the district has debt when it is dissolved, the district shall remain in existence solely for the purpose of discharging its bonds or other obligations according to their terms.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Section: Previous 3802.1045 3802.105 3802.106 3802.107 3802.151 3802.152 3802.153 3802.154 3802.155 3802.156 3802.157 3802.1575 3802.158 3802.159 3802.160Last modified: September 28, 2016