Sec. 8251.004. CONFIRMATION ELECTION REQUIRED. If the creation of the district is not confirmed at a confirmation election held under Section 8251.024 before September 1, 2009:
(1) the district shall, as soon as it reasonably knows the district will not be confirmed and before September 1, 2009:
(A) pay any debts incurred; and
(B) transfer to Grayson County any assets that remain after the payment of debts;
(2) the district is dissolved September 1, 2009; and
(3) this chapter expires September 1, 2009.
Added by Acts 2007, 80th Leg., R.S., Ch. 1129 (H.B. 4069), Sec. 5.01, eff. June 15, 2007.
Added by Acts 2007, 80th Leg., R.S., Ch. 1137 (H.B. 4096), Sec. 1, eff. June 15, 2007.
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