Section 7206.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2016:
(1) the district is dissolved on September 1, 2016, except that the district shall: (A) pay any debts incurred;(B) transfer to Comal, Guadalupe, 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, 2017.Tex. Spec. Dist. Loc. Laws § 7206.003
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 1344,Sec. 1, eff. 6/14/2013.