Section 8251.004 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8251.024 before September 1, 2009:
(1) the district shall, as soon as it reasonably knows the district will not be confirmed and before September 1, 2009:(A) pay any debts incurred; and(B) transfer to Grayson County any assets that remain after the payment of debts;(2) the district is dissolved September 1, 2009; and(3) this chapter expires September 1, 2009.Tex. Spec. Dist. Loc. Laws § 8251.004
Added by Acts 2007, 80th Leg., R.S., Ch. 1129, Sec. 5.01, eff. 6/15/2007.Added by Acts 2007, 80th Leg., R.S., Ch. 1137, Sec. 1, eff. 6/15/2007.