{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3950.303","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3950.303","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 2017, 85th Leg., R.S., Ch. 803 (H.B. 4290), Sec. 1, eff. June 15, 2017.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3950. STADIUM PARK MANAGEMENT DISTRICT","SUBCHAPTER G. DISSOLUTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3950.htm#3950.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"92393756580637225d99afd951065bf4cc2c0f2992396f8aab9e538c1b2d206c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3950.302","next":"us-tx/tex.-special-district-local-laws-code-3951.001"},"notice":"GroundRules: Original legal text. Not legal advice."}