Texas § 286.103 TRANSFER OF ASSETS AFTER DISSOLUTION.

Texas Statutes

§ 286.103 — TRANSFER OF ASSETS AFTER DISSOLUTION.

Texas § 286.103

Code HSHealth and Safety Code

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Bluebook

Tex. Health and Safety Code Code Ann. § 286.103 (2026).

Text

Sec. 286.103. TRANSFER OF ASSETS AFTER DISSOLUTION.

(a)If a majority of the votes in the election favor dissolution, the board shall:

(1)transfer the land, buildings, improvements, equipment, and other assets that belong to the district to a county or another governmental entity in the district; or

(2)administer the property, assets, and debts in accordance with Section 286.104 .

(b)If the district transfers the land, buildings, improvements, equipment, and other assets to a county or other governmental entity, the county or entity assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.

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Sec. 286.103. TRANSFER OF ASSETS AFTER DISSOLUTION. (a) If a majority of the votes in the election favor dissolution, the board shall:
(1) transfer the land, buildings, improvements, equipment, and other assets that belong to the district to a county or another governmental entity in the district; or
(2) administer the property, assets, and debts in accordance with Section 286.104 .
(b) If the district transfers the land, buildings, improvements, equipment, and other assets to a county or other governmental entity, the county or entity assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.