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

Tex. Special District Local Laws Code § 3938.253: 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 3938. GRAND LAKE ESTATES MANAGEMENT DISTRICT
SUBCHAPTER F. DISSOLUTION

(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.

Added by Acts 2015, 84th Leg., R.S., Ch. 982 (H.B. 4154), Sec. 1, eff. June 19, 2015.

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

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