Tex. Spec. Dist. Local Laws Code Section 1030.305
Disposition or Transfer of District Assets; Declaration of Dissolution

(a)

A board order issued under Section 1030.304 (Election Results) that disposes of district assets must satisfy the district’s debts and bond obligations in a manner that protects the interests of citizens in the district, including the citizens’ collective property rights in the district’s assets and property.

(b)

In connection with an election in favor of dissolution, the board may not dispose of or transfer the district’s assets except for due compensation unless:

(1)

the assets are transferred to another governmental agency, such as a county, embracing the district; and

(2)

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

(c)

A grant from federal funds, however dispensed, is an obligation to be repaid in satisfaction.

(d)

On completion of the requirements of this section, the board shall declare the district dissolved.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1030.305 — Disposition or Transfer of District Assets; Declaration of Dissolution, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1030.­htm#1030.­305 (accessed Jun. 5, 2024).

1030.001
Definitions 1030.002
Authority for Operation 1030.003
Essential Public Function 1030.004
District Territory 1030.005
District Support and Maintenance Not State Obligation 1030.006
Restriction on State Financial Assistance 1030.051
Board Election 1030.052
Notice of Election 1030.053
Ballot Application 1030.054
Qualifications for Office 1030.055
Bond 1030.056
Board Vacancy 1030.057
Officers 1030.058
Compensation 1030.059
Voting Requirement 1030.060
District Administrator 1030.061
General Duties of District Administrator 1030.062
Assistant District Administrator 1030.063
Appointment and Recruitment of Staff and Employees 1030.064
Health Education 1030.065
Retirement Benefits 1030.101
District Responsibility 1030.102
Restriction on Governmental Entity Taxation and Debt 1030.103
Management, Control, and Administration 1030.104
Rules 1030.105
Purchasing and Accounting Procedures 1030.106
District Property, Facilities, and Equipment 1030.107
Eminent Domain 1030.108
Cost of Relocating or Altering Property 1030.109
Gifts and Endowments 1030.110
Construction Contracts 1030.111
Operating and Management Contracts 1030.112
Contracts for Services 1030.113
Provision of Certain Health Services 1030.114
Medical Clinics 1030.115
Payment for Treatment 1030.116
Reimbursement for Services 1030.117
Authority to Sue and Be Sued 1030.151
Budget 1030.152
Notice 1030.153
Amendments to Budget 1030.154
Restriction on Expenditures 1030.155
Fiscal Year 1030.156
Annual Audit 1030.157
Inspection of Annual Audit and District Records 1030.158
Financial Report 1030.159
Depository 1030.160
Spending and Investment Restrictions 1030.201
General Obligation Bonds 1030.202
Tax to Pay General Obligation Bonds 1030.203
General Obligation Bond Election 1030.204
Revenue Bonds 1030.205
Refunding Bonds 1030.206
Maturity of Bonds 1030.207
Execution of Bonds 1030.208
Bonds Exempt from Taxation 1030.251
Imposition of Ad Valorem Tax 1030.252
Tax Rate 1030.253
Tax Assessor-collector 1030.301
Dissolution 1030.302
Notice of Election 1030.303
Ballot 1030.304
Election Results 1030.305
Disposition or Transfer of District Assets 1030.351
Petition to Expand District Territory 1030.352
Notice of Hearing 1030.353
Order of Annexation 1030.354
Ratification Election 1030.355
Ballot 1030.356
Annexation Election 1030.357
Composition and Election of Board Following Annexation
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1030.305’s source at texas​.gov