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 3809.159Last modified: September 28, 2016