Sec. 3852.201. 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. 447 (S.B. 1836), Sec. 1, eff. June 17, 2005.
Section: Previous 3852.105 3852.106 3852.107 3852.108 3852.109 3852.110 3852.151 3852.152 3852.153 3852.154 3852.155 3852.156 3852.157 3852.158 3852.159Last modified: September 28, 2016