Sec. 3980.0704. DIVISION PROCEDURES. (a) The board, on its own motion or on receipt of a petition signed by the owner or owners of a majority of the assessed value of the real property in the district, may adopt an order dividing the district.
(b) An order dividing the district must:
(1) name each new district;
(2) include the metes and bounds description of the territory of each new district;
(3) appoint temporary directors for each new district; and
(4) provide for the division of assets and liabilities between the new districts.
(c) On or before the 30th day after the date of adoption of an order dividing the district, the district shall file the order with the Texas Commission on Environmental Quality and record the order in the real property records of each county in which the district is located.
Added by Acts 2019, 86th Leg., R.S., Ch. 556 (H.B. 4683), Sec. 1, eff. June 10, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3980 - Hunter Ranch Improvement District No. 1 of Denton County, Texas
Subchapter G. Division of District Into Multiple Districts
Section 3980.0701. Division of District; Prerequisites
Section 3980.0702. Law Applicable to New District
Section 3980.0703. Limitation on Area of New District
Section 3980.0704. Division Procedures
Section 3980.0705. Directors' Election for New District
Section 3980.0706. Tax or Bond Election
Section 3980.0707. City Consent
Section 3980.0708. Operating Agreement and Project Agreement