Tex. Spec. Dists. Code § 3926.304

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3926.304 - Assumption of Assets and Liabilities

(a) After the city dissolves the district, the city assumes the obligations of the district, including any contractual obligations or bonds or other debt payable from assessments or other district revenue.

(b) If the city dissolves the district, the board shall transfer ownership of all district property to the city.

Tex. Spec. Dist. Loc. Laws § 3926.304

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 977,Sec. 1, eff. 9/1/2015.