Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 4. DEVELOPMENT AND IMPROVEMENT |
Subtitle C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT |
Chapter 3885. MUSTANG RANCH MUNICIPAL MANAGEMENT DISTRICT NO. 1 |
Subchapter F. DISSOLUTION |
Sec. 3885.301. DISSOLUTION BY CITY
Latest version.
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(a) The city may dissolve the district by ordinance.
(b) The city may not dissolve the district until:
(1) the district's outstanding debt or contractual obligations have been repaid or discharged; or
(2) the city agrees to succeed to the rights and obligations of the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 , Sec. 2.01, eff. September 1, 2011.