Tex. Spec. Dist. Local Laws Code Section 3936.253
Assumption of Assets and Liabilities


(a)

After the city dissolves the district, the city assumes, subject to the appropriation and availability of funds, the obligations of the district, including any bonds or other debt payable from assessments or other district revenue.

(b)

If the city dissolves the district, the board shall transfer ownership of all district property to the city.
Added by Acts 2017, 85th Leg., R.S., Ch. 608 (H.B. 3173), Sec. 2, eff. June 12, 2017.

Source: Section 3936.253 — Assumption of Assets and Liabilities, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3936.­htm#3936.­253 (accessed Jun. 5, 2024).

3936.001
Definitions
3936.002
Creation and Nature of District
3936.003
Purpose
3936.004
Findings of Benefit and Public Purpose
3936.005
District Territory
3936.006
Eligibility for Inclusion in Special Zones
3936.007
Applicability of Municipal Management Districts Law
3936.008
Construction of Chapter
3936.051
Governing Body
3936.052
Qualifications of Directors Appointed by City
3936.053
Appointment of Directors
3936.054
Vacancy
3936.055
Director’s Oath or Affirmation
3936.056
Quorum
3936.057
Officers
3936.058
Compensation
3936.059
Liability Insurance
3936.060
No Executive Committee
3936.061
Board Meetings
3936.101
General Powers and Duties
3936.102
Improvement Projects and Services
3936.103
Location of Improvement Project
3936.104
Development Corporation Powers
3936.105
Nonprofit Corporation
3936.106
Agreements
3936.107
Law Enforcement Services
3936.108
Membership in Charitable Organizations
3936.109
Economic Development
3936.110
Certain Municipal Utility District Powers
3936.111
Concurrence on Additional Powers
3936.112
No Eminent Domain Power
3936.151
Disbursements and Transfers of Money
3936.152
Money Used for Improvements or Services
3936.153
General Powers Regarding Payment of District Bonds, Obligations, or Other Costs
3936.154
Petition Required for Financing Services and Improvements with Assessments
3936.155
Method of Notice for Hearing
3936.156
Assessments
3936.157
Storm Water User Charges
3936.158
Nonpotable Water User Charges
3936.159
Costs for Improvement Projects
3936.160
Tax and Assessment Abatements
3936.161
Powers of Municipal Utility District to Establish Defined Areas and Designated Property
3936.201
Tax Abatement
3936.202
Property Tax Authorized
3936.203
Sales and Use Tax
3936.204
Bonds and Other Obligations
3936.205
Bond Maturity
3936.206
Taxes for Bonds and Other Obligations
3936.251
Dissolution by City Ordinance
3936.252
Collection of Assessments and Other Revenue
3936.253
Assumption of Assets and Liabilities

Accessed:
Jun. 5, 2024

§ 3936.253’s source at texas​.gov