Tex. Spec. Dist. Local Laws Code Section 3824.201
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 3824.201 — Exception for Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3824.htm#3824.201 (accessed Jun. 5, 2024).

3824.001
Definitions 3824.002
Harborside Management District 3824.003
Purpose 3824.004
Findings of Benefit and Public Purpose 3824.005
District Territory 3824.006
Eligibility for Inclusion in Special Zones 3824.007
Applicability of Other Law 3824.008
Liberal Construction of Chapter 3824.051
Composition 3824.052
Appointment of Directors 3824.053
Nonvoting Directors 3824.054
Conflicts of Interest 3824.102
Nonprofit Corporation 3824.103
Agreements 3824.104
Law Enforcement Services 3824.105
Competitive Bidding 3824.106
Membership in Charitable Organizations 3824.107
Economic Development Programs 3824.151
Disbursements or Transfers of Money 3824.152
Tax and Bond Elections 3824.153
Maintenance and Operation Tax 3824.154
Assessments 3824.155
Petition Required for Financing Services and Improvements 3824.156
Utility Property Exempt from Impact Fees and Assessments 3824.157
Bonds and Other Obligations 3824.158
Municipality Not Required to Pay District Obligations 3824.159
Tax and Assessment Abatements 3824.201
Exception for Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3824.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3824.201

Original Source: Section 3824.201 — Exception for Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3824.htm#3824.201 (last accessed Jun. 5, 2024).