Texas Special District Local Laws Code 3906.353 – Assumption of Assets and Liabilities
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Terms Used In Texas Special District Local Laws Code 3906.353
- Property: means real and personal property. See Texas Government Code 311.005
If the city dissolves the district:
(1) the city assumes the obligations of the district, including any bonds or other debt payable from assessments or other district revenue; and
(2) the board shall transfer ownership of all district property to the city.