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 Shackelford, Stephens, and Throckmorton Counties 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. Added by Acts 2007, 80th Leg., R.S., Ch. 872 (H.B. 1573), Sec. 1, eff. June 15, 2007.
Texas Legal Code