Tex. Spec. Dist. Local Laws Code Section 3816.201
Dissolution of District with Outstanding Debt

(a)

The board may dissolve the district regardless of whether the district has debt. Section 375.264 (Limitations on Dissolution by Board of District with Debt), Local Government Code, does not apply to the district.

(b)

If the district has debt when it is dissolved, the district shall remain in existence solely for the purpose of discharging its debts. The dissolution is effective when all debts have been discharged.

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.

Source: Section 3816.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3816.htm#3816.201 (accessed Jun. 5, 2024).

3816.001
Definitions 3816.002
Frisco Square Management District 3816.003
Purpose 3816.004
Findings of Benefit and Public Purpose 3816.005
District Territory 3816.006
Eligibility for Reinvestment or Enterprise Zones 3816.007
Applicability of Other Law 3816.009
Liberal Construction of Chapter 3816.051
Board of Directors 3816.052
Appointed Directors 3816.053
Ex Officio Directors 3816.054
Conflicts of Interest 3816.101
District Powers 3816.102
Nonprofit Corporation 3816.103
Agreements 3816.104
Authority to Contract for Law Enforcement 3816.105
Competitive Bidding 3816.106
Approval of Certain Improvement Projects 3816.107
Annexation 3816.151
Petition Required for Financing Services and Improvements 3816.152
Disbursements and Transfers of Money 3816.153
Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees 3816.154
Maintenance Tax 3816.155
Contracts Secured by Ad Valorem Taxes 3816.156
Assessments 3816.157
Liens for Assessments 3816.158
Utility Property Exempt from Assessments and Impact Fees 3816.159
Elections Regarding Taxes or Bonds 3816.160
Municipality Not Required to Pay District Obligations 3816.201
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3816.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3816.201

Original Source: Section 3816.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3816.htm#3816.201 (last accessed Jun. 5, 2024).