Tex. Spec. Dist. Local Laws Code Section 1015.307
Disposition or Transfer of Assets and Debts

(a)

The board may not dispose of or transfer the district’s assets except for due compensation unless:

(1)

the debts are transferred to another governmental entity embracing the district; and

(2)

the transferred assets are used for the benefit of citizens formerly in the district.

(b)

If the board transfers the district’s debts to another governmental entity, the board shall also transfer to that governmental entity:

(1)

title to land, buildings, improvements, and equipment related to the hospital system owned by the district; and

(2)

operating money and reserves for operating expenses and money budgeted by the district to provide medical care for district residents for the remainder of the fiscal year in which the district is dissolved.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1015.307 — Disposition or Transfer of Assets and Debts, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1015.­htm#1015.­307 (accessed Jun. 5, 2024).

1015.001
Definitions 1015.002
Authority for Operation 1015.003
Essential Public Function 1015.004
District Territory 1015.005
District Support and Maintenance Not State Obligation 1015.006
Restriction on State Financial Assistance 1015.051
Board Election 1015.052
Notice of Election 1015.053
Qualifications for Office 1015.054
Bond 1015.055
Board Vacancy 1015.056
Officers 1015.057
Compensation 1015.058
Voting Requirement 1015.059
District Administrator 1015.060
General Duties of District Administrator 1015.061
Assistant District Administrator 1015.062
Appointment and Recruitment of Staff and Employees 1015.063
Continuing Education 1015.064
Retirement Benefits 1015.101
District Responsibility 1015.102
Restriction on Municipal Taxation and Debt 1015.103
Management, Control, and Administration 1015.104
Rules 1015.105
Purchasing and Accounting Procedures 1015.106
District Property, Facilities, and Equipment 1015.107
Eminent Domain 1015.108
Cost of Relocating or Altering Property 1015.109
Gifts and Endowments 1015.110
Construction Contracts 1015.111
Operating and Management Contracts 1015.112
Contracts with Governmental Entities for Services 1015.113
Payment for Treatment 1015.114
Reimbursement for Services 1015.115
Authority to Sue and Be Sued 1015.151
Budget 1015.152
Notice 1015.153
Amendments to Budget 1015.154
Restriction on Expenditures 1015.155
Fiscal Year 1015.156
Annual Audit 1015.157
Inspection of Annual Audit and District Records 1015.158
Financial Report 1015.159
Depository 1015.160
Spending and Investment Restrictions 1015.161
Authority to Borrow Money 1015.201
General Obligation Bonds 1015.202
Tax to Pay General Obligation Bonds 1015.203
General Obligation Bond Election 1015.204
Revenue Bonds 1015.205
Refunding Bonds 1015.206
Maturity of Bonds 1015.207
Execution of Bonds 1015.208
Bonds Exempt from Taxation 1015.251
Imposition of Ad Valorem Tax 1015.252
Tax Rate 1015.253
Tax Assessor-collector 1015.254
Election to Increase Maximum Tax Rate 1015.301
Dissolution 1015.302
Notice of Election 1015.303
Ballot 1015.304
Election Results 1015.305
Directors in Office After Dissolution 1015.306
Imposition of Tax 1015.307
Disposition or Transfer of Assets and Debts 1015.308
Spending Restrictions 1015.309
Report
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Accessed:
Jun. 5, 2024

§ 1015.307’s source at texas​.gov