Sec. 3821.201. EXCEPTION FOR DISSOLUTION OF DISTRICT WITH OUTSTANDING DEBT. (a) The board may vote to dissolve a district that has debt. If the vote is in favor of dissolution, the district shall remain in existence solely for the limited purpose of discharging its debts. The dissolution is effective when all debts have been discharged.
(b) Section 375.264, Local Government Code, does not apply to the district.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.
Section: Previous 3821.103 3821.104 3821.105 3821.106 3821.107 3821.108 3821.151 3821.152 3821.153 3821.154 3821.155 3821.156 3821.157 3821.158 3821.159Last modified: September 28, 2016