Tex. Spec. Dist. Local Laws Code Section 3860.251
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. 968 (H.B. 4134), Sec. 1, eff. June 15, 2007.

Source: Section 3860.251 — Dissolution of District with Outstanding Debt, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3860.­htm#3860.­251 (accessed Jun. 5, 2024).

3860.001
Definitions 3860.002
Nature of District 3860.003
Purpose 3860.004
Findings of Benefit and Public Purpose 3860.005
District Territory 3860.006
Applicability of Municipal Management Districts Law 3860.007
Liberal Construction of Chapter 3860.051
Composition 3860.052
Appointment of Directors 3860.053
Nonvoting Directors 3860.054
Quorum 3860.055
Conflicts of Interest 3860.056
Compensation of Voting Directors 3860.101
General District Powers 3860.102
Development Corporation and Housing Corporation Powers of District 3860.103
Nonprofit Corporation 3860.104
Agreements 3860.105
Contract for Law Enforcement Services 3860.106
Approval by City of Houston 3860.107
Membership in Charitable Organizations 3860.108
Road Powers 3860.109
Air Rights 3860.110
Additional Property Rights 3860.111
Division of District 3860.112
No Eminent Domain Power 3860.151
Public Transit System 3860.152
Parking Facilities Authorized 3860.153
Rules 3860.154
Financing of Public Transit System or Parking Facilities 3860.155
Agreement with Rapid Transit Authority 3860.201
Disbursements and Transfers of Money 3860.202
Petition Required for Financing Services and Improvements 3860.203
Maintenance Tax 3860.204
Assessments 3860.205
Utility Property Exempt from Impact Fees and Assessments 3860.206
Bonds and Other Obligations 3860.207
Limit on Parks and Recreation Bonds 3860.208
Tax and Bond Elections 3860.209
Powers of Municipal Utility District to Establish Defined Areas and Designated Property 3860.210
Municipality Not Required to Pay District Obligations 3860.211
Competitive Bidding 3860.251
Dissolution of District with Outstanding Debt
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3860.251’s source at texas​.gov