{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3885.303","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3885.303","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 debt 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 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3885. MUSTANG RANCH MUNICIPAL MANAGEMENT DISTRICT NO. 1","SUBCHAPTER F. DISSOLUTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3885.htm#3885.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"c15f5c0200c82e4975185a9c687d032c3176cce1f3db3dba60c304da32e1fea7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3885.302","next":"us-tx/tex.-special-district-local-laws-code-3886.001"},"notice":"GroundRules: Original legal text. Not legal advice."}