Sec. 8374.004. CONSENT OF MUNICIPALITY REQUIRED. (a) The temporary directors may not hold an election under Section 8374.003 until each municipality has consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district.
(b) If a municipality does not consent to the creation of the district or if the district does not enter into an agreement required by the terms of the municipal ordinance or resolution consenting to the creation of the district under this section before September 1, 2012:
(1) the district is dissolved September 1, 2012, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to the municipality or another local governmental entity to be used for a public purpose; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2012.
Added by Acts 2011, 82nd Leg., R.S., Ch. 989 (H.B. 1760), Sec. 1, eff. June 17, 2011.
Section: Previous 8374.001 8374.002 8374.003 8374.004 8374.005 8374.006 8374.051 8374.052 8374.101 8374.102 8374.103 8374.104 8374.105 8374.106 8374.107 NextLast modified: September 28, 2016