Tex. Spec. Dist. Local Laws Code Section 3817.201
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 3817.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3817.htm#3817.201 (accessed Jun. 5, 2024).

3817.001
Definitions 3817.002
East Aldine Management District 3817.003
Purpose 3817.004
Findings of Benefit and Public Purpose 3817.005
District Territory 3817.006
Applicability of Other Law 3817.007
Liberal Construction of Chapter 3817.051
Board of Directors 3817.052
Appointment and Removal of Directors 3817.053
Quorum 3817.101
Exercise of Powers of Development Corporation 3817.102
Nonprofit Corporation 3817.103
Contract with Political Subdivision 3817.104
Authority to Contract for Law Enforcement 3817.105
Approval by City of Houston 3817.106
Annexation of Certain Territory by Governing Body of Municipality 3817.107
No Eminent Domain Power 3817.151
Disbursements and Transfers of Money 3817.152
Board Vote Required to Authorize Taxes, Assessments, Impact Fees, or Bonds 3817.153
Maintenance Tax 3817.154
Sales and Use Tax 3817.155
Assessments 3817.156
Property Exempt from Impact Fees and Assessments 3817.157
Elections Regarding Taxes or Bonds 3817.158
Municipality Not Required to Pay District Obligations 3817.159
Powers of Municipal Utility District 3817.160
Tax Increment Zone Powers 3817.201
Dissolution of District with Outstanding Debt 3817.1545
Petition Required for Financing Services and Improvements with Assessments

Accessed:
Jun. 5, 2024

§ 3817.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3817.201

Original Source: Section 3817.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3817.htm#3817.201 (last accessed Jun. 5, 2024).