Texas Special District Local Laws Code - SDLL § 7886.0205. Agreement and Order Relating to Dissolution of District

(1) accept assignment of the district's certificate of public convenience and necessity obtained under Section 13.246, Water Code, and any right obtained under the certificate, after the utility commission determines that the corporation is capable of rendering adequate and continuous service as required by Section 13.251, Water Code;

(2) assume the district's debts, liabilities, and obligations;

(3) assume ownership of the district's assets and facilities; and

(4) perform the district's functions and provide all services previously provided by the district.

(1) all of the district's property and other assets are transferred to the corporation;

(2) all of the district's debts, liabilities, and other obligations are assumed by the corporation; and

(3) the district's certificate of public convenience and necessity and any right obtained under the certificate is assigned to the corporation in the manner prescribed by Section 13.251, Water Code.