Texas § 3965.0703 ASSUMPTION OF ASSETS AND LIABILITIES.

Texas Statutes

§ 3965.0703 — ASSUMPTION OF ASSETS AND LIABILITIES.

Texas § 3965.0703

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 3965.0703 (2026).

Text

Sec. 3965.0703. ASSUMPTION OF ASSETS AND LIABILITIES.

(a)After the city dissolves the district, the city 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 the city dissolves the district, the board shall transfer ownership of all district property to the city. SUBCHAPTER H. SPECIAL BOND PROVISIONS

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Sec. 3965.0703. ASSUMPTION OF ASSETS AND LIABILITIES. (a) After the city dissolves the district, the city 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 the city dissolves the district, the board shall transfer ownership of all district property to the city.
SUBCHAPTER H. SPECIAL BOND PROVISIONS