Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 3874.254: ASSUMPTION OF ASSETS AND LIABILITIES.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 4. DEVELOPMENT AND IMPROVEMENT
SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT
CHAPTER 3874. CYPRESS WATERS MUNICIPAL MANAGEMENT DISTRICT
SUBCHAPTER E. DISSOLUTION

(a) After the city dissolves the district, the city assumes, subject to the appropriation and availability of funds, the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue.

(b) If the city dissolves the district, the board shall transfer ownership of all district property to the city.

Added by Acts 2009, 81st Leg., R.S., Ch. 586 (S.B. 2466), Sec. 1, eff. June 19, 2009.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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