Tex. Spec. Dist. Local Laws Code Section 3850.201
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. 771 (H.B. 3526), Sec. 1, eff. June 17, 2005.

Source: Section 3850.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3850.htm#3850.201 (accessed Jun. 5, 2024).

3850.001
Definitions 3850.002
Greater Sharpstown Management District 3850.003
Purpose 3850.004
Findings of Benefit and Public Purpose 3850.005
Parking 3850.006
District Territory 3850.007
Eligibility for Inclusion in Special Zones 3850.008
Applicability of Municipal Management Districts Law 3850.009
Liberal Construction of Chapter 3850.051
Board of Directors 3850.052
Appointment of Directors 3850.053
Nonvoting Directors 3850.054
Quorum 3850.101
Exercise of Powers of Development Corporation 3850.102
Nonprofit Corporation 3850.103
Agreements 3850.104
Authority to Contract for Law Enforcement 3850.105
Approval by City of Houston 3850.106
Membership in Charitable Organizations 3850.107
Economic Development Programs and Other Powers Related to Planning and Development 3850.108
No Eminent Domain 3850.151
Disbursements and Transfers of Money 3850.152
Money Used for Improvements or Services 3850.153
Petition Required for Financing Services and Improvements with Assessments 3850.154
Method of Notice for Hearing 3850.155
Assessments 3850.156
Limitation on Amount of Certain Assessments 3850.157
Public Improvement District Assessments 3850.158
Utility Property Exempt from Impact Fees and Assessments 3850.159
Ad Valorem Tax 3850.160
Bonds and Other Obligations 3850.161
Taxes for Bonds and Other Obligations 3850.162
Tax and Bond Elections 3850.163
City of Houston Not Required to Pay District Obligations 3850.164
Competitive Bidding 3850.165
Tax and Assessment Abatements 3850.201
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3850.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3850.201

Original Source: Section 3850.201 — Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3850.htm#3850.201 (last accessed Jun. 5, 2024).