Sec. 3897.352. LIMITATION ON DISSOLUTION. The municipality may not dissolve the district until:
(1) the district's outstanding bonds have been repaid or defeased;
(2) the district's outstanding debt or contractual obligations that are payable from ad valorem taxes have been repaid or discharged; and
(3) each agreement under Section 3897.251 has been executed and the district's performance under the agreement has been fulfilled, including any right or obligation the district has to reimburse a developer or owner for the costs of improvement projects.
Added by Acts 2011, 82nd Leg., R.S., Ch. 656 (S.B. 1184), Sec. 1, eff. June 17, 2011.
Section: Previous 3897.256 3897.257 3897.258 3897.259 3897.260 3897.301 3897.302 3897.303 3897.304 3897.305 3897.306 3897.307 3897.351 3897.352 3897.353 NextLast modified: September 28, 2016