Texas Special District Local Laws Code 3933.451 – Dissolution
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(a) Except as provided by Subsection (b), the board:
(1) may dissolve the district; and
(2) shall dissolve the district on receipt of a written petition requesting dissolution signed by the owners of 75 percent of the acreage of real property in the district.
(b) The board may not dissolve the district until the district’s outstanding indebtedness or contractual obligations have been repaid or discharged.
Terms Used In Texas Special District Local Laws Code 3933.451
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) After the board dissolves the district, the board shall transfer ownership of all district property and assets to the county.