Tex. Spec. Dist. Local Laws Code § 1030.305 · Subchapter G. DISSOLUTION
DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A board order issued under Section 1030.304 that disposes of district assets must satisfy the district's debts and bond obligations in a manner that protects the interests of citizens in the district, including the citizens' collective property rights in the district's assets and property.
(b) In connection with an election in favor of dissolution, the board may not dispose of or transfer the district's assets except for due compensation unless:
(1) the assets are transferred to another governmental agency, such as a county, embracing the district; and
(2) the transferred assets are to be used for the benefit of citizens formerly in the district.
(c) A grant from federal funds, however dispensed, is an obligation to be repaid in satisfaction.
(d) On completion of the requirements of this section, the board shall declare the district dissolved.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1030.htm
- Text hash
- sha256 324bfe3870f1f388410ab8a36e7f7b913630b8b0b0db190e97750f91cdd66fc0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Special District Local Laws Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.