Tex. Spec. Dist. Local Laws Code Section 3821.201
Exception for Dissolution of District with Outstanding Debt

(a)

The board may vote to dissolve a district that has debt. If the vote is in favor of dissolution, the district shall remain in existence solely for the limited purpose of discharging its debts. The dissolution is effective when all debts have been discharged.

(b)

Section 375.264 (Limitations on Dissolution by Board of District with Debt), Local Government Code, does not apply to the district.

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.

Source: Section 3821.201 — Exception for Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3821.htm#3821.201 (accessed Jun. 5, 2024).

3821.001
Definitions 3821.002
Downtown Midland Management District 3821.003
Purpose 3821.004
Findings of Benefit and Public Purpose 3821.005
District Territory 3821.006
Eligibility for Inclusion in Special Zones 3821.007
Applicability of Other Law 3821.008
Liberal Construction of Chapter 3821.051
Composition 3821.052
Appointment of Directors 3821.053
Nonvoting Directors 3821.054
Conflicts of Interest 3821.101
Additional Powers of District 3821.102
Nonprofit Corporation 3821.103
Agreements 3821.104
Law Enforcement Services 3821.105
Competitive Bidding 3821.106
Membership in Charitable Organizations 3821.107
Economic Development Programs 3821.108
Annexation 3821.151
Disbursements or Transfers of Money 3821.152
Tax and Bond Elections 3821.153
Maintenance and Operation Tax 3821.154
Assessments 3821.155
Petition Required for Financing Services and Improvements 3821.156
Utility Property Exempt from Impact Fees and Assessments 3821.157
Bonds and Other Obligations 3821.158
Municipality Not Required to Pay District Obligations 3821.159
Tax and Assessment Abatements 3821.201
Exception for Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3821.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3821.201

Original Source: Section 3821.201 — Exception for Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3821.htm#3821.201 (last accessed Jun. 5, 2024).