Tex. Spec. Dist. Local Laws Code Section 3905.201
Exception for Dissolution of District with Outstanding Debt

(a)

The board may vote to dissolve a district that has debt. If the vote is in favor of dissolution, the district shall remain in existence solely for the limited purpose of discharging its debts. The dissolution is effective when all debts have been discharged.

(b)

Section 375.264 (Limitations on Dissolution by Board of District with Debt), Local Government Code, does not apply to the district.

Added by Acts 2011, 82nd Leg., R.S., Ch. 358 (H.B. 3857), Sec. 1, eff. June 17, 2011.

Source: Section 3905.201 — Exception for Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3905.htm#3905.201 (accessed Jun. 5, 2024).

3905.001
Definitions 3905.002
Creation and Nature of District 3905.003
Purpose 3905.004
Findings of Benefit and Public Purpose 3905.005
District Territory 3905.006
Eligibility for Inclusion in Special Zones 3905.007
Applicability of Municipal Management Districts Law 3905.008
Liberal Construction of Chapter 3905.051
Governing Body 3905.052
Appointment of Directors 3905.053
Ex Officio Directors 3905.054
Conflicts of Interest 3905.055
Compensation 3905.101
Housing Finance Corporation Powers 3905.102
Development Corporation Powers 3905.103
Nonprofit Corporation 3905.104
Agreements 3905.105
Law Enforcement Services 3905.106
Competitive Bidding 3905.107
Annexation 3905.108
Economic Development Program 3905.109
Strategic Partnership Agreement 3905.110
Real Property 3905.111
Receipt of Surplus Property 3905.112
Project for Educational Opportunity 3905.113
No Eminent Domain Power 3905.151
Petition Required for Financing Services and Improvements 3905.152
Disbursements and Transfers of Money 3905.153
Utility Property Exempt from Impact Fees and Assessments 3905.154
Municipality Not Required to Pay District Obligations 3905.155
Tax Increment Financing Powers 3905.201
Exception for Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3905.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3905.201

Original Source: Section 3905.201 — Exception for Dissolution of District with Outstanding Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3905.htm#3905.201 (last accessed Jun. 5, 2024).