Section 8256.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8256.055 before September 1, 2009:
(1) the district is dissolved September 1, 2009, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to Grayson 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 § 8256.003
Added by Acts 2007, 80th Leg., R.S., Ch. 1129, Sec. 6.01, eff. 9/1/2007.