Texas § 1030.305 DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION.

Texas Statutes

§ 1030.305 — DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION.

Texas § 1030.305

Code SDSpecial District Local Laws Code

This text of Texas § 1030.305 (DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION.) 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. § 1030.305 (2026).

Text

Sec. 1030.305. DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION.

(a)A board order issued under Section 1030.304 that disposes of district assets must satisfy the district's debts and bond obligations in a manner that protects the interests of citizens in the district, including the citizens' collective property rights in the district's assets and property.

(b)In connection with an election in favor of dissolution, the board may not dispose of or transfer the district's assets except for due compensation unless:

(1)the assets are transferred to another governmental agency, such as a county, embracing the district; and

(2)the transferred assets are to be used for the benefit of citizens formerly in the district.

(c)A grant from federal funds, however dispensed, is

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Sec. 1030.305. DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION. (a) A board order issued under Section 1030.304 that disposes of district assets must satisfy the district's debts and bond obligations in a manner that protects the interests of citizens in the district, including the citizens' collective property rights in the district's assets and property.
(b) In connection with an election in favor of dissolution, the board may not dispose of or transfer the district's assets except for due compensation unless:
(1) the assets are transferred to another governmental agency, such as a county, embracing the district; and
(2) the transferred assets are to be used for the benefit of citizens formerly in the district.
(c) A grant from federal funds, however dispensed, is an obligation to be repaid in satisfaction.
(d) On completion of the requirements of this section, the board shall declare the district dissolved.
SUBCHAPTER H. EXPANSION OF TERRITORY TO INCLUDE ALL OF FRIO COUNTY