Sec. 3906.351. 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) The board may dissolve the district regardless of whether the district has debt.
(c) 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 2011, 82nd Leg., R.S., Ch. 1269 (S.B. 1922), Sec. 1, eff. June 17, 2011.
Section: Previous 3906.255 3906.256 3906.257 3906.258 3906.259 3906.260 3906.301 3906.302 3906.303 3906.304 3906.305 3906.306 3906.307 3906.351 3906.352 NextLast modified: September 28, 2016