Sec. 3937.251. DISSOLUTION BY ORDINANCE. (a) A municipality that includes territory of the district, in the corporate boundaries or extraterritorial jurisdiction of the municipality, by ordinance may dissolve the district.
(b) The municipality may not dissolve the district until the district's outstanding debt or contractual obligations that are payable from ad valorem taxes have been repaid or discharged, or the municipality has affirmatively assumed the obligation to pay the outstanding debt from municipal revenue.
Added by Acts 2015, 84th Leg., R.S., Ch. 879 (H.B. 4158), Sec. 1, eff. June 18, 2015.
Section: Previous 3937.153 3937.154 3937.155 3937.156 3937.157 3937.158 3937.159 3937.201 3937.202 3937.203 3937.204 3937.205 3937.206 3937.251 3937.252 NextLast modified: September 28, 2016