Texas § 1018.305 TRANSFER OF ADMINISTRATION OF ASSETS.

Texas Statutes

§ 1018.305 — TRANSFER OF ADMINISTRATION OF ASSETS.

Texas § 1018.305

Code SDSpecial District Local Laws Code

This text of Texas § 1018.305 (TRANSFER OF ADMINISTRATION OF ASSETS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 1018.305 (2026).

Text

Sec. 1018.305. TRANSFER OF ADMINISTRATION OF ASSETS.

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

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

(2)administer the property, assets, and debts until all money has been disposed of and all district debts have been paid or settled.

(b)If the district makes the transfer under Subsection (a)(1), the county or entity assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.

(c)If Subsection (a)(1) does not apply and the board administers the property, assets, and debts o

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1018.305. TRANSFER OF ADMINISTRATION OF ASSETS. (a) If a majority of the votes in the election held under this subchapter favor dissolution, the board shall:
(1) transfer the land, buildings, improvements, equipment, and other assets that belong to the district to Dallam County or Hartley County or another governmental entity in Dallam County or Hartley County; or
(2) administer the property, assets, and debts until all money has been disposed of and all district debts have been paid or settled.
(b) If the district makes the transfer under Subsection (a)(1), the county or entity assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.
(c) If Subsection (a)(1) does not apply and the board administers the property, assets, and debts of the district under Subsection (a)(2), the district is dissolved when all money has been disposed of and all district debts have been paid or settled.