|
|
|
|
AN ACT
|
|
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. |
|
|
|
______________________________ |
______________________________ |
|
President of the Senate |
Speaker of the House |
|
|
|
I certify that H.B. No. 1709 was passed by the House on March |
|
30, 2017, by the following vote: Yeas 141, Nays 0, 1 present, not |
|
voting. |
|
|
|
______________________________ |
|
Chief Clerk of the House |
|
|
|
I certify that H.B. No. 1709 was passed by the Senate on May |
|
12, 2017, by the following vote: Yeas 31, Nays 0. |
|
|
|
______________________________ |
|
Secretary of the Senate |
|
APPROVED: _____________________ |
|
Date |
|
|
|
_____________________ |
|
Governor |