Sec. 3833.004. CONFIRMATION ELECTION REQUIRED. If the creation of the district is not confirmed at a confirmation election held under Section 3833.024 before September 1, 2009:
(1) the district is dissolved September 1, 2009, except that:
(A) the district shall pay any debts incurred;
(B) the district shall transfer any assets that remain after the payment of debts to the city; and
(C) the organization of the district is maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2012.
Added by Acts 2005, 79th Leg., Ch. 468 (S.B. 1892), Sec. 1, eff. June 17, 2006.
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