Sec. 8129.003. CONFIRMATION ELECTION REQUIRED. If the creation of the district is not confirmed at a confirmation election held under Section 8129.024 before September 1, 2009:
(1) the district is dissolved September 1, 2009, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to Denton County; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2012.
Added by Acts 2005, 79th Leg., Ch. 1330 (H.B. 3535), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8129 - City of Fort Worth Municipal Utility District No. 1 of Denton County
Subchapter A. General Provisions
Section 8129.002. Nature of District