Texas Water Code

§ 51.787 — DISCHARGE OF DISTRICT'S OBLIGATIONS BY TRUSTEE

WA § 51.787Title 4. GENERAL LAW DISTRICTS · Ch. 51. WATER CONTROL AND IMPROVEMENT DISTRICTS · Art. P. DISSOLUTION OF DISTRICT

Statute text

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(a)The trustee shall reduce all assets and resources of the district to possession and money and apply them to discharge the outstanding obligations of the district, having regard to specific funds.

(b)If required, the board shall levy, assess, and collect sufficient additional taxes to pay all necessary expenses and outstanding obligations of the district.

Legislative history

Acts 1971, 62nd Leg., p. 378, ch. 58, Sec. 1, eff. Aug. 30, 1971.