Tex. Special District Local Laws Code § 3906.353: 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 3906. PORT ISABEL IMPROVEMENT DISTRICT NO. 1
- SUBCHAPTER G. DISSOLUTION
If the city dissolves the district:
(1) the city assumes the obligations of the district, including any bonds or other debt payable from assessments or other district revenue; and
(2) the board shall transfer ownership of all district property to the city.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1269 (S.B. 1922), Sec. 1, eff. June 17, 2011.
Collected 2026-08-27T01:47:41Z. Source file · JSON