Section 3866.201 - Dissolution(a) The district may be dissolved by:(1) the governing body of the City of Kennedale on a vote of not less than two-thirds of its membership and adoption of an ordinance dissolving the district; or(2) majority vote of the board of directors.(b) Section 375.264, Local Government Code, does not apply to the district.(c) 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.Tex. Spec. Dist. Loc. Laws § 3866.201
Added by Acts 2009, 81st Leg., R.S., Ch. 172, Sec. 1, eff. 5/27/2009.