Tex. Spec. Dist. Local Laws Code Section 3857.201
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. 1286 (H.B. 4093), Sec. 1, eff. June 15, 2007.

Source: Section 3857.201 — Dissolution of District with Outstanding Debt, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3857.­htm#3857.­201 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 3857.201’s source at texas​.gov