Sec. 9206.003. CONFIRMATION ELECTION REQUIRED

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If the creation of the district is not confirmed at a confirmation election held under Section 9206.064 before September 1, 2011:
(1) the district is dissolved September 1, 2011, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to Grayson County; 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, 2014.

Added by Acts 2007, 80th Leg., R.S., Ch. 944 , Sec. 1, eff. September 1, 2007. Added by Acts 2007, 80th Leg., R.S., Ch. 1129 , Sec. 1.01, eff. September 1, 2007.

                    
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