Sec. 3833.004. CONFIRMATION ELECTION REQUIRED. If the creation of the district is not confirmed at a confirmation election held under Section 3833.024 before September 1, 2009:
(1) the district is dissolved September 1, 2009, except that:
(A) the district shall pay any debts incurred;
(B) the district shall transfer any assets that remain after the payment of debts to the city; and
(C) the organization of the district is maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2012.
Added by Acts 2005, 79th Leg., Ch. 468 (S.B. 1892), Sec. 1, eff. June 17, 2006.
Section: Previous 3833.001 3833.002 3833.003 3833.004 3833.005 3833.006 3833.007 3833.008 3833.009 3833.010 3833.051 3833.052 3833.053 3833.054 3833.055 NextLast modified: September 28, 2016