Section 36.352 - Terms and Conditions of Consolidation(a) The terms and conditions for consolidation shall include: (1) adoption of a name for the district;(2) the number and apportionment of directors to serve on the board;(3) the effective date of the consolidation;(4) an agreement on finances for the consolidated district, including disposition of funds, property, and other assets of each district;(5) transfer of all permits issued in the area that is the subject of the consolidation to the consolidated district; and(6) an agreement on governing the districts during the transition period, including selection of officers.(b) The terms and conditions for consolidation may include: (1) assumption by each district of the other district's bonds, notes, voted but unissued bonds, or other obligations;(2) an agreement to levy taxes to pay for bonds;(3) any other terms of conditions agreed upon by the board of each district.Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. 9/1/1995.