Texas Special District Local Laws Code 3905.201 – Exception for Dissolution of District With Outstanding Debt
Current as of: 2024 | Check for updates
|
Other versions
(a) The board may vote to dissolve a district that has debt. If the vote is in favor of dissolution, the district shall remain in existence solely for the limited purpose of discharging its debts. The dissolution is effective when all debts have been discharged.
(b) § 375.264, Local Government Code, does not apply to the district.