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Texas Special District Local Laws Code

§ 1038.305 — TRANSFER OR ADMINISTRATION OF ASSETS

SD § 1038.305Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1038. HARDEMAN COUNTY HOSPITAL DISTRICT · Art. G. DISSOLUTION

Statute text

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(a)If a majority of the votes in the election held under this subchapter favor dissolution, the board shall:
(1)transfer the land, buildings, improvements, equipment, and other assets that belong to the district to Hardeman County or another governmental agency in Hardeman County; or
(2)administer the property, assets, and debts until all money has been disposed of and all district debts have been paid or settled.
(b)If the board makes the transfer under Subsection (a)(1), the county or agency assumes all debts and obligations of the district at the time of the transfer and the district is dissolved.

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 § 1038.305 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.