Section 7202.003 - [Multiple versions] Confirmation Election Required If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2007:
(1) the district is dissolved on September 1, 2007, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to Parker or Palo Pinto County as appropriate; and(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and(2) this chapter expires September 1, 2010.Tex. Spec. Dist. Loc. Laws § 7202.003
Added by Acts 2005, 79th Leg., Ch. 770 (H.B. 3525), Sec. 1, eff. 6/17/2005.