Sec. 3823.201. 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 3823.051 3823.052 3823.053 3823.054 3823.101 3823.102 3823.103 3823.104 3823.105 3823.106 3823.151 3823.152 3823.153 3823.154 3823.155Last modified: September 28, 2016