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Terms Used In Texas Special District Local Laws Code 3833.004

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

If the creation of the district is not confirmed at a confirmation election held under Section 3833.024 before September 1, 2009:
(1) the district is dissolved September 1, 2009, except that:
(A) the district shall pay any debts incurred;
(B) the district shall transfer any assets that remain after the payment of debts to the city; and
(C) the organization of the district is maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2012.