Tex. Spec. Dist. Local Laws Code § 1104.307 · Subchapter G. DISSOLUTION
DISPOSITION OR TRANSFER OF ASSETS AND DEBTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may not dispose of or transfer the district's assets except for due compensation unless:
(1) the debts are transferred to another governmental entity embracing the district; and
(2) the transferred assets are used for the benefit of citizens formerly in the district.
(b) If the board transfers the district's debts to another governmental entity, the board shall also transfer to that governmental entity:
(1) title to land, buildings, improvements, and equipment related to the hospital system owned by the district; and
(2) operating money and reserves for operating expenses and money budgeted by the district to provide medical care for district residents for the remainder of the fiscal year in which the district is dissolved.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1104.htm
- Text hash
- sha256 0db060882c339a7b9d4fe5f68cb064624493ce86e1ce0319ceff3358f0b50ff8
- 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
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.