Sec. 3817.201. 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 3817.104 3817.105 3817.106 3817.107 3817.151 3817.152 3817.153 3817.154 3817.1545 3817.155 3817.156 3817.157 3817.158 3817.159 3817.160Last modified: September 28, 2016