Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 12. PLANNING AND DEVELOPMENT |
Subtitle A. MUNICIPAL PLANNING AND DEVELOPMENT |
Chapter 373A. HOMESTEAD PRESERVATION DISTRICTS AND REINVESTMENT ZONES |
Subchapter B. GENERAL POWERS AND DUTIES |
Sec. 373A.0521. DISSOLUTION
Latest version.
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(a) The governing body of a municipality in which a district is located may adopt an ordinance dissolving the district.
(b) On the adoption of the ordinance, the district is dissolved and the municipality succeeds to the property and assets of the district and assumes all bonds, debts, obligations, and liabilities of the district.
(c) This section does not prohibit the municipality from continuing to operate programs established by the municipality, including programs established under Subchapter C, D, or E, in the area previously included in the district that are owned and operated by the municipality on the date the district is dissolved.
Added by Acts 2007, 80th Leg., R.S., Ch. 1175 , Sec. 4, eff. September 1, 2007.