Texas Special District Local Laws Code § 3917.251 Dissolution Of District With Outstanding Debt

Sec. 3917.251. 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) The board may dissolve the district regardless of whether the district has debt.

(c) If by December 31, 2037, the district has not been dissolved, the district is dissolved and this chapter expires on that date.

(d) 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 2013, 83rd Leg., R.S., Ch. 832 (S.B. 1884), Sec. 1, eff. June 14, 2013.

Section: Previous  3917.109  3917.110  3917.151  3917.152  3917.153  3917.154  3917.155  3917.156  3917.201  3917.202  3917.203  3917.204  3917.205  3917.206  3917.207

Last modified: September 28, 2016