Texas § 3868.251 DISSOLUTION BY TOWN ORDINANCE.

Texas Statutes

§ 3868.251 — DISSOLUTION BY TOWN ORDINANCE.

Texas § 3868.251

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 3868.251 (2026).

Text

Sec. 3868.251. DISSOLUTION BY TOWN ORDINANCE.

(a)The town may dissolve the district by ordinance.

(b)The town may not dissolve the district until:

(1)the district's outstanding indebtedness or contractual obligations have been repaid or discharged; or

(2)the town agrees to succeed to the rights and obligations of the district.

(c)The town may not dissolve the district until:

(1)each party to the development agreement fulfills the party's obligations under the agreement; and

(2)the district fulfills the district's obligation to pay or reimburse a developer or owner for the costs of improvement projects and services undertaken by the district.

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Sec. 3868.251. DISSOLUTION BY TOWN ORDINANCE. (a) The town may dissolve the district by ordinance.
(b) The town may not dissolve the district until:
(1) the district's outstanding indebtedness or contractual obligations have been repaid or discharged; or
(2) the town agrees to succeed to the rights and obligations of the district.
(c) The town may not dissolve the district until:
(1) each party to the development agreement fulfills the party's obligations under the agreement; and
(2) the district fulfills the district's obligation to pay or reimburse a developer or owner for the costs of improvement projects and services undertaken by the district.