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Tex. Special District Local Laws Code § 3965.0703

ASSUMPTION OF ASSETS AND LIABILITIES

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

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Tex. Special District Local Laws Code § 3965.0703, ASSUMPTION OF ASSETS AND LIABILITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/600040
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(a) After the city dissolves the district, the city 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. (b) If the city dissolves the district, the board shall transfer ownership of all district property to the city.