Sec. 375.2621. PROHIBITION ON ISSUANCE OF BONDS AFTER PETITION. If a petition for dissolution under Section 375.262 is filed with the board, the board must consider the petition not later than the 60th day after the date the petition is filed. The district may not issue bonds secured by assessments after the date the board confirms that the petition is valid and complete under Section 375.262.
Added by Acts 2021, 87th Leg., R.S., Ch. 520 (S.B. 604), Sec. 1, eff. September 1, 2021.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 375 - Municipal Management Districts in General
Section 375.261. Dissolution by Board Vote
Section 375.262. Dissolution by Petition by Owners
Section 375.2621. Prohibition on Issuance of Bonds After Petition
Section 375.263. Dissolution by Municipal Ordinance
Section 375.264. Limitations on Dissolution by Board of District With Debt