Tex. Spec. Dist. Local Laws Code Section 3840.251
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.

Added by Acts 2007, 80th Leg., R.S., Ch. 1344 (S.B. 1984), Sec. 1, eff. June 15, 2007.

Source: Section 3840.251 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3840.htm#3840.251 (accessed Jun. 5, 2024).

3840.001
Definitions 3840.002
Spectrum Management District 3840.003
Purpose 3840.004
Findings of Benefit and Public Purpose 3840.005
District Territory 3840.006
Eligibility for Inclusion in Special Zones 3840.007
Applicability of Municipal Management Districts Law 3840.008
Liberal Construction of Chapter 3840.051
Composition 3840.052
Appointment of Directors 3840.054
Nonvoting Directors 3840.055
Quorum 3840.101
Additional Powers of District 3840.102
Nonprofit Corporation 3840.103
Agreements 3840.104
Authority to Contract for Law Enforcement 3840.105
Membership in Charitable Organizations 3840.106
Economic Development Programs 3840.107
Property 3840.108
No Eminent Domain 3840.151
Disbursements and Transfers of Money 3840.152
Money Used for Improvements or Services 3840.153
Petition Required for Financing Services and Improvements with Assessments 3840.154
Method of Notice for Hearing 3840.155
Assessments 3840.156
Ad Valorem Tax 3840.157
Utility Property Exempt from Impact Fees or Assessments 3840.158
Bonds and Other Obligations 3840.159
Taxes for Bonds and Other Obligations 3840.160
Tax and Bond Elections 3840.161
Municipality Not Required to Pay District Obligations 3840.162
Bidding Requirements 3840.163
Tax and Assessment Abatements 3840.201
Meanings of Words and Phrases 3840.202
Applicability of Certain Tax Code Provisions 3840.203
Authorization 3840.204
Abolishing Sales and Use Tax 3840.205
Sales and Use Tax Rate 3840.251
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3840.251’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3840.251

Original Source: Section 3840.251 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3840.htm#3840.251 (last accessed Jun. 5, 2024).