Sec. 7958.0607. TRANSFER OF ASSETS, OBLIGATIONS, AND PROVISION OF SERVICES. (a) As soon as practicable following the issuance of an order under Section 7958.0606(a), the board shall:
(1) begin the process of transferring the district's assets and obligations to one or more political subdivisions in a fair and equitable manner; and
(2) administer the property, assets, and debts of the district until all money has been disposed of and all district debts have been paid or settled.
(b) If the district provides services, the board or a receiver appointed under Section 7958.0608 shall make arrangements for the uninterrupted provision of services.
Added by Acts 2019, 86th Leg., R.S., Ch. 1370 (H.B. 4749), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 7958 - Rose City Municipal Utility District
Subchapter F. Dissolution by Election
Section 7958.0601. Dissolution Election Called by Board
Section 7958.0602. Dissolution Election Called by Petition
Section 7958.0603. Election Order
Section 7958.0604. Notice of Dissolution Election
Section 7958.0605. Applicability of Uniform Election Dates
Section 7958.0606. Election Results
Section 7958.0607. Transfer of Assets, Obligations, and Provision of Services