Texas Special District Local Laws Code § 3839.201 Dissolution Of District With Outstanding Debt

Sec. 3839.201. 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 2007, 80th Leg., R.S., Ch. 1285 (H.B. 4045), Sec. 1, eff. June 15, 2007.

Section: Previous  3839.107  3839.108  3839.151  3839.152  3839.153  3839.154  3839.155  3839.156  3839.157  3839.158  3839.159  3839.160  3839.161  3839.162  3839.163

Last modified: September 28, 2016