{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3861.253","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3861.253","heading":"ASSUMPTION OF ASSETS AND LIABILITIES.","body":"(a) After the city dissolves the district, the city assumes the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue.\n(b) If the city dissolves the district, the board shall transfer ownership of all district property to the city.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 531 (S.B. 919), Sec. 1, eff. June 16, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3861. VIRIDIAN MUNICIPAL MANAGEMENT DISTRICT","SUBCHAPTER F. DISSOLUTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3861.htm#3861.253","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"811a46e2314460900cd372435d8be344020c2fd5cd51d095fd02bbe8c4c12c2d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3861.252","next":"us-tx/tex.-special-district-local-laws-code-3862.001"},"notice":"GroundRules: Original legal text. Not legal advice."}