Tex. Spec. Dist. Local Laws Code § 3938.253 · Subchapter F. DISSOLUTION
ASSUMPTION OF ASSETS AND LIABILITIES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a municipality dissolves the district, the municipality assumes, subject to the appropriation and availability of funds, the obligations of the district, including any bonds or other debt payable from assessments or other district revenue.
(b) If a municipality dissolves the district, the board shall transfer ownership of all district property to the municipality.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 982 (H.B. 4154), Sec. 1, eff. June 19, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3938.htm
- Text hash
- sha256 12ed30c96ced041d3f0b7f694dfa52feb203112e5099422d14d1b75cec5206ae
- 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.