Tex. Special District Local Laws Code § 8342.109
LIMITATION ON DISSOLUTION OF DISTRICT
Texas · Texas Special District Local Laws Code · Status: effective
Cite this
- Citation
- Tex. Special District Local Laws Code § 8342.109, LIMITATION ON DISSOLUTION OF DISTRICT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/615115
- Permanent ID
ys:prov:615115@1- SHA-256
2d313ad40e2e5225ae9c38c645443ffca5c20fc7e6836cc155e3283090527a22
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Before the issuance of bonds, the district or any new district created by the division of the district may not be dissolved unless the dissolution is approved by:
(1) the board;
(2) the majority owner of the assessed value of the real property in the district or the new district, as applicable; and
(3) the governing body of each municipality in whose corporate limits or extraterritorial jurisdiction the district or the new district is located.
(b) The district or any new district may not be dissolved if it has outstanding bonded debt unless:
(1) all the property in the district or the new district is annexed by a municipality;
(2) the dissolution is approved by the governing body of the municipality; and
(3) the bonded debt and developer reimbursement obligations of the district or the new district are assumed by the municipality in whose corporate limits or extraterritorial jurisdiction the district or the new district is located or by another entity approved by the municipality.
(c) A dissolution subject to Subsection (b) is effective when all outstanding bonded debt and developer reimbursement obligations have been discharged.