Tex. Spec. Dist. Local Laws Code Section 3847.201
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. 572 (H.B. 1458), Sec. 1, eff. June 17, 2005.

Source: Section 3847.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3847.htm#3847.201 (accessed Jun. 5, 2024).

3847.001
Definitions 3847.002
Airline Improvement District 3847.003
Purpose 3847.004
Findings of Benefit and Public Purpose 3847.005
District Territory 3847.006
Annexation of Certain Territory by Governing Body of Municipality 3847.007
Applicability of Municipal Management Districts Law 3847.008
Liberal Construction of Chapter 3847.051
Board of Directors 3847.052
Appointment and Removal of Directors 3847.053
Nonvoting Directors 3847.054
Quorum 3847.101
Exercise of Powers of Development Corporation 3847.102
Nonprofit Corporation 3847.103
Contract with Political Subdivision 3847.104
Authority to Contract for Law Enforcement 3847.105
Approval by City of Houston 3847.106
Membership in Charitable Organizations 3847.107
No Eminent Domain 3847.151
Disbursements and Transfers of Money 3847.152
Board Vote Required to Authorize Taxes, Assessments, Impact Fees, or Bonds 3847.153
Maintenance Tax 3847.154
Sales and Use Tax 3847.155
Assessments 3847.156
Property Exempt from Impact Fees and Assessments 3847.157
Elections Regarding Taxes or Bonds 3847.158
Municipality Not Required to Pay District Obligations 3847.201
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3847.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3847.201

Original Source: Section 3847.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3847.htm#3847.201 (last accessed Jun. 5, 2024).