Texas Special District Local Laws Code 3911.351 – Dissolution by City Ordinance
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(a) The city by ordinance may dissolve the district.
(b) The city may not dissolve the district until the district’s outstanding debt or contractual obligations have been repaid or discharged, including the defeasance of any outstanding debt issued by the city.
Terms Used In Texas Special District Local Laws Code 3911.351
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(c) The city may not dissolve the district until the development agreement under § 3911.251 has been executed and the district’s performance under the agreement has been fulfilled, including any right or obligation the district has to reimburse a developer or owner for the costs of improvement projects.