Sec. 8140.003. CONFIRMATION ELECTION REQUIRED. If the creation of a district is not confirmed at a confirmation election held under Section 8140.023 before September 1, 2007:
(1) the district is dissolved September 1, 2007, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to Montgomery County; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) the provisions of this chapter relating to that district expire September 1, 2010.
Added by Acts 2005, 79th Leg., Ch. 775 (H.B. 3546), Sec. 1, eff. September 1, 2005.
Section: Previous 8140.001 8140.002 8140.003 8140.004 8140.005 8140.051 8140.052 8140.101 8140.102 8140.103 8140.151 NextLast modified: September 28, 2016