Section 8830.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8830.023 before September 1, 2009:
(1) the district is dissolved on September 1, 2009, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred in equal amounts to Hood, Montague, Parker, and Wise Counties; 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, 2012.Tex. Spec. Dist. Loc. Laws § 8830.003
Added by Acts 2007, 80th Leg., R.S., Ch. 1343, Sec. 1, eff. 6/15/2007.