Tex. Spec. Dist. Local Laws Code Section 3842.251
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. 589 (S.B. 1999), Sec. 2, eff. June 16, 2007.

Source: Section 3842.251 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3842.htm#3842.251 (accessed Jun. 5, 2024).

3842.001
Definitions 3842.002
Nasa Area Management District 3842.003
Purpose 3842.004
Findings of Benefit and Public Purpose 3842.005
District Territory 3842.006
Eligibility for Inclusion in Special Zones 3842.007
Applicability of Municipal Management Districts Law 3842.008
Liberal Construction of Chapter 3842.051
Composition 3842.052
Appointment of Directors 3842.053
Nonvoting Directors 3842.054
Quorum 3842.101
Additional Powers of District 3842.102
Nonprofit Corporation 3842.103
Agreements 3842.104
Authority to Contract for Law Enforcement 3842.105
Approval by City of Nassau Bay 3842.106
Membership in Charitable Organizations 3842.107
Economic Development Programs and Other Powers Related to Planning and Development 3842.108
Annexation 3842.109
No Eminent Domain 3842.151
Disbursements and Transfers of Money 3842.152
Money Used for Improvements or Services 3842.153
Petition Required for Financing Services and Improvements with Assessments 3842.154
Method of Notice for Hearing 3842.155
Assessments 3842.156
Utility Property Exempt from Impact Fees and Assessments 3842.157
Bonds and Other Obligations 3842.158
City Not Required to Pay District Obligations 3842.159
Competitive Bidding 3842.160
Tax and Assessment Abatements 3842.161
Tax Increment Financing Powers 3842.201
Meanings of Words and Phrases 3842.202
Applicability of Certain Tax Code Provisions 3842.203
Authorization 3842.204
Abolishing Sales and Use Tax 3842.205
Sales and Use Tax Rate 3842.251
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3842.251’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3842.251

Original Source: Section 3842.251 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3842.htm#3842.251 (last accessed Jun. 5, 2024).