(a) The temporary directors may not hold an election under Section 8384.003 until each municipality has consented by ordinance or resolution to the creation
of the district and to the inclusion of land in the district.
(b) If a municipality does not consent to the creation of the district or if the district
does not enter into an agreement required by the terms of the municipal ordinance
or resolution consenting to the creation of the district under this section before
September 1, 2012:
(1) the district is dissolved September 1, 2012, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to the
municipality or another local governmental entity to be used for a public purpose;
(C) the organization of the district shall be maintained until all debts are paid
and remaining assets are transferred; and
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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