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Texas Special District Local Laws Code - SDLL § 1015.306. Imposition of Tax; Transfer of Debts

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1015.306. Imposition of Tax; Transfer of Debts - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1015-306/

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