Section 8132.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8132.023 before September 1, 2017:
(1) the district is dissolved September 1, 2017, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to Williamson County; 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, 2020.Tex. Spec. Dist. Loc. Laws § 8132.003
Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 721,Sec. 1, eff. 6/14/2013.Amended By Acts 2009, 81st Leg., R.S., Ch. 1075, Sec. 1, eff. 6/19/2009.Added by Acts 2005, 79th Leg., Ch. 1333, Sec. 1, eff. 9/1/2005.