Section 8223.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8223.024 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 Collin 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, 2014.Tex. Spec. Dist. Loc. Laws § 8223.003
Added by Acts 2007, 80th Leg., R.S., Ch. 943, Sec. 1, eff. 9/1/2007.