Texas § 1101.305 BOARD MANAGEMENT OF ASSETS ON DISSOLUTION; IMPOSITION OF TAX.

Texas Statutes

§ 1101.305 — BOARD MANAGEMENT OF ASSETS ON DISSOLUTION; IMPOSITION OF TAX.

Texas § 1101.305

Code SDSpecial District Local Laws Code

This text of Texas § 1101.305 (BOARD MANAGEMENT OF ASSETS ON DISSOLUTION; IMPOSITION OF TAX.) 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. § 1101.305 (2026).

Text

Sec. 1101.305. BOARD MANAGEMENT OF ASSETS ON DISSOLUTION; IMPOSITION OF TAX.

(a)If the district does not transfer the land, buildings, improvements, equipment, and other assets to Sutton County under Section 1101.304 , the board shall continue to control and administer the property, assets, and debts of the district until all money has been disposed of and all district debts have been paid or settled.

(b)After the board finds that the district is dissolved, the board shall:

(1)determine the debt owed by the district; and

(2)impose on the property included in the district's tax rolls a tax that is in proportion of the debt to the property value.

(c)The board may institute a suit to enforce payment of taxes and to foreclose liens to secure the payment of taxes due the district.

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Sec. 1101.305. BOARD MANAGEMENT OF ASSETS ON DISSOLUTION; IMPOSITION OF TAX. (a) If the district does not transfer the land, buildings, improvements, equipment, and other assets to Sutton County under Section 1101.304 , the board shall continue to control and administer the property, assets, and debts of the district until all money has been disposed of and all district debts have been paid or settled.
(b) After the board finds that the district is dissolved, the board shall:
(1) determine the debt owed by the district; and
(2) impose on the property included in the district's tax rolls a tax that is in proportion of the debt to the property value.
(c) The board may institute a suit to enforce payment of taxes and to foreclose liens to secure the payment of taxes due the district.