Sec. 3853.251. 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 2005, 79th Leg., Ch. 458 (S.B. 1866), Sec. 1, eff. June 17, 2005.
Section: Previous 3853.151 3853.152 3853.153 3853.154 3853.155 3853.156 3853.157 3853.158 3853.159 3853.160 3853.201 3853.202 3853.203 3853.204 3853.205Last modified: September 28, 2016