Texas Special District Local Laws Code 3848.251 – Dissolution of District With Outstanding Debt
Current as of: 2024 | Check for updates
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(a) The board may dissolve the district regardless of whether the district has debt. § 375.264, Local Government Code, does not apply to the district.
(b) If the district has debt when it is dissolved, the district shall remain in existence solely for the purpose of discharging its debts. The dissolution is effective when all debts have been discharged.