Bill Text: TX HB1709 | 2017-2018 | 85th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to procedures for the dissolution of the Bois D'Arc Island Levee Improvement District of Dallas and Kaufman Counties.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Passed) 2017-06-01 - Effective on 9/1/17 [HB1709 Detail]
Download: Texas-2017-HB1709-Comm_Sub.html
Bill Title: Relating to procedures for the dissolution of the Bois D'Arc Island Levee Improvement District of Dallas and Kaufman Counties.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Passed) 2017-06-01 - Effective on 9/1/17 [HB1709 Detail]
Download: Texas-2017-HB1709-Comm_Sub.html
By: Gooden, Burkett (Senate Sponsor - Hall) | H.B. No. 1709 | |
(In the Senate - Received from the House April 3, 2017; | ||
April 12, 2017, read first time and referred to Committee on | ||
Intergovernmental Relations; May 9, 2017, reported favorably by | ||
the following vote: Yeas 7, Nays 0; May 9, 2017, sent to printer.) | ||
|
||
|
||
relating to procedures for the dissolution of the Bois D'Arc Island | ||
Levee Improvement District of Dallas and Kaufman Counties. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 7801, Special District | ||
Local Laws Code, is amended by adding Section 7801.003 to read as | ||
follows: | ||
Sec. 7801.003. DISSOLUTION OF DISTRICT. (a) Not later than | ||
18 months after the next regularly scheduled election of directors | ||
under Section 7801.051, the Commissioners Courts of Dallas and | ||
Kaufman Counties may dissolve the district if: | ||
(1) at that election, the appropriate number of | ||
directors under Section 7801.051(c) are not elected; or | ||
(2) the directors elected at that election fail to | ||
attend 50 percent of the board meetings scheduled during the 12 | ||
months following that election. | ||
(b) To dissolve the district under Subsection (a), the | ||
Commissioners Courts of Dallas County and Kaufman County each must | ||
issue an order dissolving the district. The orders must provide for | ||
the: | ||
(1) sale or transfer of the district's assets and | ||
liabilities; | ||
(2) administration of property, assets, and debts of | ||
the district until all money has been disposed of and all district | ||
debts have been paid or settled; and | ||
(3) continued provision of the district's services | ||
without interruption to the extent the district has been providing | ||
services. | ||
(c) The dissolution of the district and the sale or transfer | ||
of the district's assets and liabilities may not: | ||
(1) violate a trust indenture or bond resolution | ||
relating to the outstanding bonds of the district; or | ||
(2) diminish or impair the rights of the holders of | ||
outstanding bonds, warrants, or other obligations of the district. | ||
(d) This section expires January 1, 2020. | ||
SECTION 2. This Act takes effect September 1, 2017. | ||
* * * * * |