Sec. 8341.253. ASSUMPTION OF ASSETS AND LIABILITIES. (a) The City of Greenville assumes the obligations of the district after dissolution, including any bonds or other indebtedness payable from revenue described by Section 8341.201.
(b) On dissolution of the district, ownership of all district property is transferred to Hunt County or the City of Greenville as mutually determined by the governing bodies of Hunt County and the City of Greenville.
Added by Acts 2011, 82nd Leg., R.S., Ch. 469 (H.B. 315), Sec. 1, eff. June 17, 2011.
Section: Previous 8341.105 8341.106 8341.107 8341.108 8341.109 8341.110 8341.151 8341.152 8341.153 8341.201 8341.202 8341.203 8341.204 8341.251 8341.252Last modified: September 28, 2016