Section 8876.003 - Confirmation Election Required If the creation of the district is not confirmed at a confirmation election held under Section 8876.022 before December 31, 2018:
(1) the district is dissolved December 31, 2018, except that:(A) any debts incurred shall be paid;(B) any assets that remain after the payment of debts shall be transferred to Reeves 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 December 31, 2020.Tex. Spec. Dist. Loc. Laws § 8876.003
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 457,Sec. 1, eff. 6/14/2013.