Tex. Spec. Dists. Code § 3868.253

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3868.253 - Assumption of Assets and Liabilities

(a) After the town dissolves the district, the town assumes the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue.

(b) If the town dissolves the district, the board shall transfer ownership of all district property to the town.

Tex. Spec. Dist. Loc. Laws § 3868.253

Added by Acts 2011, 82nd Leg., R.S., Ch. 1190, Sec. 1, eff. 9/1/2011.