Sec. 441.233. TRANSFER OF DISTRICT MONEY. (a) On dissolution of the district, the board shall transfer the district's money to the governmental entity to which the road facility was conveyed. If road facilities were conveyed to more than one governmental entity, the board shall distribute the money among those governmental entities in proportion to the proceeds of all indebtedness that the district incurred to construct, purchase, or improve the road facilities conveyed to each respective governmental entity.
(b) A governmental entity shall use the money to maintain the road facility.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Section: Previous 441.192 441.193 441.194 441.195 441.196 441.197 441.198 441.211 441.212 441.213 441.214 441.215 441.216 441.231 441.232Last modified: September 28, 2016