Section 7212.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2009:
(1) the district is dissolved on September 1, 2009, 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 Caldwell, Hays, or Travis 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, 2012.Tex. Spec. Dist. Loc. Laws § 7212.003
Added by Acts 2007, 80th Leg., R.S., Ch. 569, Sec. 1, eff. 6/16/2007.