Section 7205.003 - 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 of the district incurred shall be paid;(B) any assets of the district that remain after the payment of debts shall be transferred to Stephens, Eastland, Palo Pinto, Shackelford, or Throckmorton 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 § 7205.003
Added by Acts 2005, 79th Leg., Ch. 605, Sec. 1, eff. 6/17/2005.