Section 8264.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8264.023 before September 1, 2011:
(1) the district is dissolved September 1, 2011, except that the district shall: (A) pay any debts incurred;(B) transfer to Grayson County any assets that remain after the payment of debts; and(C) maintain the organization of the district until all debts are paid and remaining assets are transferred; and(2) this chapter expires September 1, 2014.Tex. Spec. Dist. Loc. Laws § 8264.003
Added by Acts 2007, 80th Leg., R.S., Ch. 1129, Sec. 2.01, eff. 9/1/2007.