Sec. 54.734. DISSOLUTION OF DISTRICT PRIOR TO ISSUANCE OF BONDS. (a) If the board considers it advisable before the issuance of any bonds, notes, or other indebtedness, the board may dissolve the district and liquidate the affairs of the district as provided in Sections 54.734-54.738 of this code.
(b) If a majority of the board finds at any time before the authorization of bonds, notes, or other obligations or the final lending of its credit in another form that the proposed undertaking for any reason is impracticable or apparently cannot be successfully and beneficially accomplished, the board may issue notice of a hearing on a proposal to dissolve the district.
Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 54 - Municipal Utility Districts
Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts
Section 54.728. Consolidation of Districts
Section 54.729. Elections to Approve Consolidation
Section 54.730. Governing Consolidated Districts
Section 54.731. Debts of Original Districts
Section 54.732. Assessment and Collection of Taxes
Section 54.733. Voted but Unissued Bonds
Section 54.734. Dissolution of District Prior to Issuance of Bonds
Section 54.735. Notice of Hearing
Section 54.737. Board's Order to Dissolve District
Section 54.738. Judicial Review of Board's Order
Section 54.739. Substituting Land of Equal Value
Section 54.740. Requisites for Application for Exclusion
Section 54.741. Inclusion of Substitute Land Required
Section 54.742. Application for Inclusion
Section 54.743. Notice of Hearing and Hearing Procedures
Section 54.744. Impairment of Security
Section 54.745. Board's Resolution to Substitute
Section 54.746. Liability of Excluded and Included Land
Section 54.747. Service to Included Land
Section 54.748. Exclusion of Land for Failure to Provide Sufficient Services; Bonds Outstanding
Section 54.749. Tax Liability of Excluded Land; Bonds Outstanding