Texas Special District Local Laws Code 7222.0103 – Confirmation Election Required
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Terms Used In Texas Special District Local Laws Code 7222.0103
- 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 and initial directors’ election held before September 1, 2022:
(1) the district is dissolved on September 1, 2022, except that the district shall:
(A) pay any debts incurred;
(B) transfer to Caldwell or Hays County, as appropriate, any assets of the district that remain after the payment of debts; and
(C) maintain the organization of the district until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2023.