Texas Special District Local Laws Code 7212.003 – Confirmation Election Required
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Terms Used In Texas Special District Local Laws Code 7212.003
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
If the creation of the district is not confirmed at a confirmation and initial directors’ election held before September 1, 2009:
(1) the district is dissolved on September 1, 2009, except that:
(A) any debts of the district incurred shall be paid;
(B) any assets of the district that remain after the payment of debts shall be transferred to Caldwell, Hays, or Travis County, as appropriate; 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.