Section 8873.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8873.023 before September 1, 2015:
(1) the district is dissolved on September 1, 2015, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to each county in proportion to the contribution of money made; 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, 2017.Tex. Spec. Dist. Loc. Laws § 8873.003
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 496,Sec. 1, eff. 6/14/2013.