Tex. Spec. Dist. Local Laws Code Section 3841.201
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.

Added by Acts 2005, 79th Leg., Ch. 437 (S.B. 1805), Sec. 1, eff. June 17, 2005.

Source: Section 3841.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3841.htm#3841.201 (accessed Jun. 5, 2024).

3841.001
Definitions 3841.002
Galveston County Management District No 3841.003
Purpose 3841.004
Findings of Benefit and Public Purpose 3841.005
District Territory 3841.006
Eligibility for Inclusion in Special Zones 3841.007
Applicability of Municipal Management Districts Law 3841.008
Liberal Construction of Chapter 3841.051
Board of Directors 3841.052
Appointment of Directors 3841.053
Nonvoting Directors 3841.054
Quorum 3841.101
Additional Powers of District 3841.102
Nonprofit Corporation 3841.103
Agreements 3841.104
Authority to Contract for Law Enforcement 3841.105
Membership in Charitable Organizations 3841.106
Economic Development Programs 3841.107
No Eminent Domain 3841.151
Disbursements and Transfers of Money 3841.152
Money Used for Improvements or Services 3841.153
Petition Required for Financing Services and Improvements with Assessments 3841.154
Method of Notice for Hearing 3841.155
Assessments 3841.156
Ad Valorem Tax 3841.157
Utility Property Exempt from Impact Fees and Assessments 3841.158
Bonds and Other Obligations 3841.159
Taxes for Bonds and Other Obligations 3841.160
Tax and Bond Elections 3841.161
Cities Not Required to Pay District Obligations 3841.162
Competitive Bidding 3841.163
Tax and Assessment Abatements 3841.201
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3841.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3841.201

Original Source: Section 3841.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3841.htm#3841.201 (last accessed Jun. 5, 2024).