Sec. 3859.251. 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 2007, 80th Leg., R.S., Ch. 1288 (H.B. 4110), Sec. 1, eff. June 15, 2007.
Section: Previous 3859.107 3859.151 3859.152 3859.153 3859.154 3859.155 3859.201 3859.202 3859.203 3859.204 3859.205 3859.206 3859.207 3859.208 3859.209Last modified: September 28, 2016