Sec. 56.296. SETTLEMENT OF DEBTS. (a) When the district is dissolved, the commissioners court shall provide for settlement of debts of the district, including costs and expenses of holding the dissolution election, and may levy and collect a tax on property in the district in the amount necessary to pay all valid debts and obligations of the district except district bonds.
(b) Unless district bonds are retired as provided in Section 56.299 of this code, the bonds shall be paid according to their terms by levy and collection of an annual tax.
Acts 1971, 62nd Leg., p. 524, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 56 - Drainage Districts
Section 56.291. Authority to Dissolve a District
Section 56.295. Result of the Election
Section 56.296. Settlement of Debts
Section 56.297. Dissolution Tax
Section 56.299. Retirement of Bonds
Section 56.301. Trustee's Bond
Section 56.302. Trustee's Compensation
Section 56.303. Powers of the Trustee
Section 56.304. Expenses of the Trustee
Section 56.305. Presentation of Claims
Section 56.306. Approval of Claim
Section 56.308. Rejection of Claim
Section 56.309. Bonds and Approved Claims