Section 8341.253 - Assumption of Assets and Liabilities(a) The City of Greenville assumes the obligations of the district after dissolution, including any bonds or other indebtedness payable from revenue described by Section 8341.201.(b) On dissolution of the district, ownership of all district property is transferred to Hunt County or the City of Greenville as mutually determined by the governing bodies of Hunt County and the City of Greenville.Tex. Spec. Dist. Loc. Laws § 8341.253
Added by Acts 2011, 82nd Leg., R.S., Ch. 469, Sec. 1, eff. 6/17/2011.