Texas Special District Local Laws Code - SDLL § 1015.307. Disposition or Transfer of Assets and Debts

(1) the debts are transferred to another governmental entity embracing the district; and

(2) the transferred assets are used for the benefit of citizens formerly in the district.

(1) title to land, buildings, improvements, and equipment related to the hospital system owned by the district; and

(2) operating money and reserves for operating expenses and money budgeted by the district to provide medical care for district residents for the remainder of the fiscal year in which the district is dissolved.