Section 8140.003 - Confirmation Election Required If the creation of a district is not confirmed at a confirmation election held under Section 8140.023 before September 1, 2007:
(1) the district is dissolved September 1, 2007, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to Montgomery County; and(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and(2) the provisions of this chapter relating to that district expire September 1, 2010.Tex. Spec. Dist. Loc. Laws § 8140.003
Added by Acts 2005, 79th Leg., Ch. 775, Sec. 1, eff. 9/1/2005.