Sec. 1.1. (a) An automated transit district may be dissolved by an ordinance adopted by the legislative body on a date that is at least three (3) years later than the date the ordinance was adopted.

     (b) An automated transit district may dissolve itself by resolution on a date that is at least two (2) years later than the date of adoption of the resolution creating the district.

     (c) A dissolution of a district under this section requires the city to assume the obligations incurred by the district.

As added by P.L.343-1989(ss), SEC.5.