Tex. Spec. Dist. Local Laws Code Section 1104.307
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 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Section 1104.307 — Disposition or Transfer of Assets and Debts, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1104.­htm#1104.­307 (accessed Jun. 5, 2024).

1104.001
Definitions 1104.002
Authority for Operation 1104.003
Essential Public Function 1104.004
District Territory 1104.005
District Support and Maintenance Not State Obligation 1104.006
Restriction on State Financial Assistance 1104.051
Board Election 1104.052
Notice of Election 1104.053
Ballot Petition 1104.054
Qualifications for Office 1104.055
Bond 1104.056
Board Vacancy 1104.057
Officers 1104.058
Compensation 1104.059
Voting Requirement 1104.060
District Administrator 1104.061
General Duties of District Administrator 1104.062
Assistant District Administrator 1104.063
Appointment of Staff and Employees 1104.064
Retirement Benefits 1104.101
District Responsibility 1104.102
Restriction on Municipal Taxation and Debt 1104.103
Management, Control, and Administration 1104.104
Rules 1104.105
Purchasing and Accounting Procedures 1104.106
District Property, Facilities, and Equipment 1104.107
Eminent Domain 1104.108
Cost of Relocating or Altering Property 1104.109
Gifts and Endowments 1104.110
Construction Contracts 1104.111
Operating and Management Contracts 1104.112
Contracts with Governmental Entities for Services 1104.113
Payment for Treatment 1104.114
Reimbursement for Services 1104.115
Authority to Sue and Be Sued 1104.151
Budget 1104.152
Notice 1104.153
Amendments to Budget 1104.154
Restriction on Expenditures 1104.155
Fiscal Year 1104.156
Annual Audit 1104.157
Inspection of Annual Audit and District Records 1104.158
Financial Report 1104.159
Depository 1104.160
Spending and Investment Restrictions 1104.201
General Obligation Bonds 1104.202
Tax to Pay General Obligation Bonds 1104.203
General Obligation Bond Election 1104.204
Revenue Bonds 1104.205
Refunding Bonds 1104.206
Maturity of Bonds 1104.207
Execution of Bonds 1104.208
Bonds Exempt from Taxation 1104.251
Imposition of Ad Valorem Tax 1104.252
Tax Rate 1104.253
Election to Increase Maximum Tax Rate 1104.254
Tax Assessor-collector 1104.301
Dissolution 1104.302
Notice of Election 1104.303
Ballot 1104.304
Election Results 1104.305
Directors in Office After Dissolution 1104.306
Imposition of Tax 1104.307
Disposition or Transfer of Assets and Debts 1104.308
Spending Restrictions 1104.309
Report
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Accessed:
Jun. 5, 2024

§ 1104.307’s source at texas​.gov