Section 8109.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8109.023 before September 1, 2011:
(1) the district is dissolved September 1, 2011, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to Bell and Williamson Counties in proportion to the contribution of money made; 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, 2014.Tex. Spec. Dist. Loc. Laws § 8109.003
Added by Acts 2005, 79th Leg., Ch. 566, Sec. 1, eff. 9/1/2005.