Texas Statutes
§ 3950.303 — ASSUMPTION OF ASSETS AND LIABILITIES.
Texas § 3950.303
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 3950.303 (ASSUMPTION OF ASSETS AND LIABILITIES.) 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. § 3950.303 (2026).
Text
Sec. 3950.303. ASSUMPTION OF ASSETS AND LIABILITIES.
(a)If a municipality dissolves the district, the municipality assumes, subject to the appropriation and availability of funds, the obligations of the district, including any bonds or other debt payable from assessments or other district revenue.
(b)If a municipality dissolves the district, the board shall transfer ownership of all district property to the municipality.
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Legislative History
Added by Acts 2017, 85th Leg., R.S., Ch. 803 (H.B. 4290 ), Sec. 1, eff. June 15, 2017.
Nearby Sections
15
§ 3950.001
DEFINITIONS.§ 3950.002
CREATION AND NATURE OF DISTRICT.§ 3950.003
PURPOSE; LEGISLATIVE FINDINGS.§ 3950.004
FINDINGS OF BENEFIT AND PUBLIC PURPOSE.§ 3950.005
DISTRICT TERRITORY.§ 3950.008
CONSTRUCTION OF CHAPTER.§ 3950.051
GOVERNING BODY; TERMS.§ 3950.052
DIRECTOR'S OATH OR AFFIRMATION.§ 3950.053
QUORUM.§ 3950.054
OFFICERS.§ 3950.055
COMPENSATION; EXPENSES.§ 3950.056
LIABILITY INSURANCE.§ 3950.057
NO EXECUTIVE COMMITTEE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 3950.303, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/3950.303.