Sec. 1015.306. IMPOSITION OF TAX; TRANSFER OF DEBTS

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After issuing the dissolution order, the board shall determine the debt owed by the district and shall:
(1) impose on property subject to taxation in the district a tax in proportion of the debt to the property value and use the tax revenue to pay the district's bonds or satisfy other district debts; or
(2) transfer the district's debts to any governmental entity assuming responsibility after dissolution of the district for providing hospital care in the territory included in the district.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.02, eff. April 1, 2009.

                    
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