Texas Special District Local Laws Code § 3809.201 Dissolution Of District With Outstanding Debt

Sec. 3809.201. 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, Sec. 1, eff. April 1, 2005.

Section: Previous  3809.103  3809.104  3809.105  3809.106  3809.107  3809.108  3809.151  3809.152  3809.153  3809.154  3809.155  3809.156  3809.157  3809.158  3809.159

Last modified: September 28, 2016