Sec. 8265.003. CONFIRMATION ELECTION REQUIRED. If the creation of the district is not confirmed at a confirmation election held under Section 8265.023 before September 1, 2011:
(1) the district is dissolved September 1, 2011, except that the district shall:
(A) pay any debts incurred;
(B) transfer to Grayson County any assets that remain after the payment of debts; and
(C) maintain the organization of the district until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2014.
Added by Acts 2007, 80th Leg., R.S., Ch. 1129 (H.B. 4069), Sec. 3.01, eff. September 1, 2007.
Section: Previous 8265.001 8265.002 8265.003 8265.004 8265.021 8265.022 8265.023 8265.024 8265.025 8265.051 8265.101 8265.102 8265.103 8265.104 8265.105 NextLast modified: September 28, 2016