Section 1104.306 - Imposition of Tax; Transfer of Debts After issuing the dissolution order, the board shall determine the debt owed by the district and shall:
(1) impose on property subject to taxation in the district a tax in proportion of the debt to the property value and use the tax revenue to pay the district's bonds or satisfy other district debts; or(2) transfer the district's debts to any governmental entity assuming responsibility after dissolution of the district for providing hospital care in the territory included in the district.Tex. Spec. Dist. Loc. Laws § 1104.306
Added by Acts 2011, 82nd Leg., R.S., Ch. 70, Sec. 1.01, eff. 4/1/2013.