§ 22-29-303 — Consolidation of districts; effect

(a) Two (2) or more districts even if formed under
different principal acts may consolidate and form a new district
if the consolidation is first approved by the county
commissioners and approved by the voters. The districts included
in the consolidation shall be considered joined into a single
new district.
(b) If the consolidation is approved, the district
directors and officers of the consolidating districts shall
transfer to the directors of the successor district all funds,
property, contracts and records of the consolidating districts.
Upon the effective date of the consolidation:
(i) The successor district shall succeed to all the
property, contracts, rights and powers of the consolidating
districts, and shall constitute and be a regularly organized
district as if originally organized in the manner provided by
the principal act;
(ii) Uncollected taxes, assessments or charges levied
by the consolidating districts shall become the property of the
successor district and upon collection shall be credited to the
account of the successor district; and
(iii) The successor district shall become liable for
all the obligations, legal or contractual, of the consolidating
districts.