Sec. 3857.201. 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. 1286 (H.B. 4093), Sec. 1, eff. June 15, 2007.
Section: Previous 3857.102 3857.103 3857.104 3857.105 3857.106 3857.151 3857.152 3857.153 3857.154 3857.155 3857.156 3857.157 3857.158 3857.159 3857.160Last modified: September 28, 2016