Sec. 3835.201. 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.
Added by Acts 2005, 79th Leg., Ch. 894 (S.B. 1820), Sec. 1, eff. June 17, 2005.
Section: Previous 3835.108 3835.109 3835.151 3835.152 3835.153 3835.154 3835.155 3835.156 3835.157 3835.158 3835.159 3835.160 3835.161 3835.162 3835.163Last modified: September 28, 2016