Tex. Spec. Dist. Local Laws Code Section 3849.201
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 2007, 80th Leg., R.S., Ch. 949 (H.B. 4004), Sec. 1, eff. June 15, 2007.

Source: Section 3849.201 — Dissolution of District with Outstanding Debt, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3849.­htm#3849.­201 (accessed Jun. 5, 2024).

3849.001
Definitions 3849.002
International Management District 3849.003
Purpose 3849.004
Findings of Benefit and Public Purpose 3849.005
District Territory 3849.006
Eligibility for Inclusion in Special Zones 3849.007
Applicability of Municipal Management Districts Law 3849.008
Liberal Construction of Chapter 3849.051
Board of Directors 3849.052
Appointment of Directors on Increase in Board Size 3849.053
Appointment of Directors 3849.054
Quorum 3849.101
General Powers 3849.102
Exercise of Powers of Other Governmental Entities 3849.103
Nonprofit Corporation 3849.104
Agreements 3849.105
Authority to Contract for Law Enforcement 3849.106
Annexation or Exclusion of Territory 3849.107
Approval by City of Houston 3849.108
Membership in Charitable Organizations 3849.109
Economic Development Programs and Other Powers Related to Planning and Development 3849.110
No Eminent Domain 3849.151
Disbursements and Transfers of Money 3849.152
Money Used for Improvements or Services 3849.153
Petition Required for Financing Services and Improvements with Assessments 3849.154
Method of Notice for Hearing 3849.155
Assessments 3849.156
Assessments Considered Taxes 3849.157
Ad Valorem Tax 3849.158
Utility Property Exempt from Impact Fees and Assessments 3849.159
Use of Electrical or Optical Lines 3849.160
Bonds and Other Obligations 3849.161
Taxes for Bonds and Other Obligations 3849.162
Tax and Bond Elections 3849.163
City of Houston Not Required to Pay District Obligations 3849.164
Competitive Bidding 3849.165
Tax and Assessment Abatements 3849.201
Dissolution of District with Outstanding Debt
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3849.201’s source at texas​.gov