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Texas Special District Local Laws Code - SDLL § 1063.309. Transfer, Sale, or Administration of Assets if Election Initiated by District Petition

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

(a) This section applies to an election called under Section 1063.301(b).

(b) If a majority of the votes in the election favor dissolution, the board shall transfer the land, buildings, improvements, equipment, and other assets that belong to the district to Montgomery County not later than the 45th day after the date on which the election is held.

(c) The county assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.

(d) The county should use all transferred assets in a manner that benefits county residents residing in territory formerly constituting the district.

(e) The county shall use all transferred assets to:

(1) pay the outstanding debts and obligations of the district relating to the assets at the time of the transfer; or

(2) provide medical and hospital care for needy county residents. (Acts 65th Leg., R.S., Ch. 258, Sec. 23B(e).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1063.309. Transfer, Sale, or Administration of Assets if Election Initiated by District Petition - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1063-309/

Read this complete Texas Special District Local Laws Code - SDLL § 1063.309. Transfer, Sale, or Administration of Assets if Election Initiated by District Petition on Westlaw. Westlaw subscription required.

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