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Texas Special District Local Laws Code

§ 1033.304 — TRANSFER OF DISTRICT ASSETS

SD § 1033.304Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1033. GRAPELAND HOSPITAL DISTRICT · Art. G. DISSOLUTION

Statute text

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(a)If a majority of the votes in the election favor dissolution and transfer of the district's assets and obligations, the board shall transfer to the governmental entity specified in the election order the land, buildings, improvements, equipment, and other assets that belong to the district.
(b)The governmental entity assumes all debts and obligations of the district at the time of the transfer.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1033.304 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.