Tex. Spec. Dist. Local Laws Code Section 3952.353
Assumption of Assets and Liabilities


(a)

After the city dissolves the district, the city assumes 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. 645 (H.B. 4347), Sec. 1, eff. June 12, 2017.

Source: Section 3952.353 — Assumption of Assets and Liabilities, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3952.­htm#3952.­353 (accessed Jun. 5, 2024).

3952.001
Definitions
3952.002
Precondition
3952.003
Creation and Nature of District
3952.004
Purpose
3952.005
Findings of Benefit and Public Purpose
3952.006
Initial District Territory
3952.007
Applicability of Municipal Management District Law
3952.051
Governing Body
3952.052
Qualifications
3952.053
Appointment of Directors
3952.054
Ex Officio Directors
3952.055
Vacancy
3952.056
Director’s Oath or Affirmation
3952.057
Officers
3952.058
Compensation
3952.059
Liability Insurance
3952.060
Board Meetings
3952.061
Conflicts of Interest
3952.062
Initial Directors
3952.101
Improvement Projects
3952.102
Water District Powers
3952.103
Road District Powers
3952.104
Rules
3952.105
Name Change
3952.106
Terms of Employment
3952.107
No Eminent Domain Power
3952.151
Board Determination Required
3952.152
City Requirements
3952.153
Additional City Powers Regarding Improvement Projects
3952.154
Lake
3952.201
General Contract Powers
3952.202
Contract Terms
3952.203
Reimbursement of Costs
3952.204
Contract for Improvement Project
3952.205
No Further Contract Authorization Required
3952.251
Development Agreement and Consent Application Required to Borrow Money or Impose Taxes or Assessments, Including Bonds
3952.252
Borrowing Money
3952.253
General Powers Regarding Payment of District Bonds, Obligations, or Other Costs
3952.254
Petition Required for Financing Services and Improvements with Assessments
3952.255
Assessments
3952.256
Nonpotable Water User Charges
3952.257
Costs for Improvement Projects
3952.301
Bonds and Other Obligations
3952.302
Bond Maturity
3952.303
Taxes for Bonds and Other Obligations
3952.304
Election Required for Taxes or Bonds
3952.305
Tax Rate
3952.306
Issuer Powers for Certain Public Improvements
3952.351
Dissolution by City Ordinance
3952.352
Collection of Assessments and Other Revenue
3952.353
Assumption of Assets and Liabilities

Accessed:
Jun. 5, 2024

§ 3952.353’s source at texas​.gov