Texas § 1063.309 TRANSFER, SALE, OR ADMINISTRATION OF ASSETS IF ELECTION INITIATED BY DISTRICT PETITION.

Texas Statutes

§ 1063.309 — TRANSFER, SALE, OR ADMINISTRATION OF ASSETS IF ELECTION INITIATED BY DISTRICT PETITION.

Texas § 1063.309

Code SDSpecial District Local Laws Code

This text of Texas § 1063.309 (TRANSFER, SALE, OR ADMINISTRATION OF ASSETS IF ELECTION INITIATED BY DISTRICT PETITION.) 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. § 1063.309 (2026).

Text

Sec. 1063.309. TRANSFER, SALE, OR ADMINISTRATION OF ASSETS IF ELECTION INITIATED BY DISTRICT PETITION.

(a)This section applies to an election called under Section 1063.301 (b).

(b)If a majority of the votes in the election favor dissolution, the board shall transfer the land, buildings, improvements, equipment, and other assets that belong to the district to Montgomery County not later than the 45th day after the date on which the election is held.

(c)The county assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.

(d)The county should use all transferred assets in a manner that benefits county residents residing in territory formerly constituting the district.

(e)The county shall use all transferred assets to:

(1)pay the outsta

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Sec. 1063.309. TRANSFER, SALE, OR ADMINISTRATION OF ASSETS IF ELECTION INITIATED BY DISTRICT PETITION. (a) This section applies to an election called under Section 1063.301 (b).
(b) If a majority of the votes in the election favor dissolution, the board shall transfer the land, buildings, improvements, equipment, and other assets that belong to the district to Montgomery County not later than the 45th day after the date on which the election is held.
(c) The county assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.
(d) The county should use all transferred assets in a manner that benefits county residents residing in territory formerly constituting the district.
(e) The county shall use all transferred assets to:
(1) pay the outstanding debts and obligations of the district relating to the assets at the time of the transfer; or
(2) provide medical and hospital care for needy county residents.