Sec. 3912.251. DISSOLUTION BY CITY ORDINANCE. (a) The city by ordinance may dissolve the district.
(b) The city may not dissolve the district until the district's outstanding debt or contractual obligations that are payable from any source available to the district have been repaid or discharged, or the city has affirmatively assumed the obligation to pay the outstanding debt from city revenue.
Added by Acts 2013, 83rd Leg., R.S., Ch. 607 (S.B. 1098), Sec. 1, eff. June 14, 2013.
Section: Previous 3912.060 3912.061 3912.101 3912.102 3912.103 3912.104 3912.131 3912.132 3912.133 3912.134 3912.151 3912.152 3912.201 3912.202 3912.251Last modified: September 28, 2016