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Tex. Special District Local Laws Code § 3861.253

ASSUMPTION OF ASSETS AND LIABILITIES

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 3861.253, ASSUMPTION OF ASSETS AND LIABILITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/595153
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(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. (b) If the city dissolves the district, the board shall transfer ownership of all district property to the city.