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If the creation of the district is not confirmed at a confirmation election held under Section 8266.023 before September 1, 2011:
(1) the district is dissolved September 1, 2011, except that the district shall:
(A) pay any debts incurred;
(B) transfer to Grayson County any assets that remain after the payment of debts; and
(C) maintain the organization of the district until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2014.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8266.003. Confirmation Election Required - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8266-003/
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