{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3938.253","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3938.253","heading":"ASSUMPTION OF ASSETS AND LIABILITIES.","body":"(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.\n(b) If a municipality dissolves the district, the board shall transfer ownership of all district property to the municipality.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 982 (H.B. 4154), Sec. 1, eff. June 19, 2015.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3938.htm#3938.253","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"a2137581ac5e3ac165333a399408044f1752977db53ff64a6d13c81d456be596","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3938.252","next":"us-tx/tex.-special-district-local-laws-code-3939.0101"},"notice":"GroundRules: Original legal text. Not legal advice."}