Sec. 3843.251. DISSOLUTION OF DISTRICT WITH OUTSTANDING DEBT. (a) The district may be dissolved as provided by Subchapter M, Chapter 375, Local Government Code, except that 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 bonds or other obligations according to their terms.
Added by Acts 2005, 79th Leg., Ch. 769 (H.B. 3518), Sec. 1, eff. June 17, 2005.
Section: Previous 3843.106 3843.151 3843.152 3843.153 3843.154 3843.155 3843.201 3843.202 3843.203 3843.204 3843.205 3843.206 3843.207 3843.208 3843.209Last modified: September 28, 2016