LIMITATION ON DISSOLUTION.
Tex. SPEC. DIST. LOCAL LAWS Code § 3897.352.
in effectThe municipality may not dissolve the district until:
(1) the district's outstanding bonds have been repaid or defeased;
(2) the district's outstanding debt or contractual obligations that are payable from ad valorem taxes have been repaid or discharged; and
(3) each agreement under Section 3897.251 has been executed and the district's performance under the agreement has been fulfilled, including any right or obligation the district has to reimburse a developer or owner for the costs of improvement projects.
Added by Acts 2011, 82nd Leg., R.S., Ch. 656 (S.B. 1184 ), Sec. 1, eff. June 17, 2011.