Tex. Special District Local Laws Code § 1020.354

This is the official text of Tex. Special District Local Laws Code § 1020.354, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.

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§ 1020.354. TRANSFER OF DISTRICT ASSETS.

Official statutory text

(a) If a majority of the votes in an election held under this subchapter favor dissolution and transfer of the district's assets and obligations, the board shall transfer to Deaf Smith County the land, buildings, improvements, equipment, and other assets that belong to the district.

(b) Deaf Smith County assumes all debts and obligations of the district at the time of the transfer.

Status: in_force · Read it on the official government site

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