Sec. 4. If:
(1) the department determines that the project or operation of the district is not economically feasible, fair, or reasonable; or
(2) the district fails to file a plan for the operation of the district within the time prescribed by the department;
the department may declare the district dissolved and enter an order for the distribution of all assets owned by the district after the payment of liabilities.
[Pre-1996 Recodification Citation: 13-3-2-5(g) part.]
As added by P.L.1-1996, SEC.16.
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