Sec. 3842.251. 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. 589 (S.B. 1999), Sec. 2, eff. June 16, 2007.
Section: Previous 3842.152 3842.153 3842.154 3842.155 3842.156 3842.157 3842.158 3842.159 3842.160 3842.161 3842.201 3842.202 3842.203 3842.204 3842.205Last modified: September 28, 2016