Sec. 8873.003. CONFIRMATION ELECTION REQUIRED. If the creation of the district is not confirmed at a confirmation election held under Section 8873.023 before September 1, 2015:
(1) the district is dissolved on September 1, 2015, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to each county in proportion to the contribution of money made; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2017.
Added by Acts 2013, 83rd Leg., R.S., Ch. 496 (S.B. 1840), Sec. 1, eff. June 14, 2013.
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