Texas Special District Local Laws Code § 3837.201 Dissolution Of District With Outstanding Debt

Sec. 3837.201. 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. 438 (S.B. 1806), Sec. 1, eff. June 17, 2005.

Section: Previous  3837.101  3837.102  3837.103  3837.104  3837.105  3837.106  3837.151  3837.152  3837.153  3837.154  3837.155  3837.156  3837.157  3837.158  3837.159

Last modified: September 28, 2016