Sec. 3810.201. 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 3810.101 3810.102 3810.103 3810.104 3810.105 3810.106 3810.107 3810.108 3810.151 3810.152 3810.153 3810.154 3810.155 3810.156 3810.157Last modified: September 28, 2016