1008.155 – TRANSFER OR ADMINISTRATION OF ASSETS. (a) If a
Texas Special District Local Laws Code § 1008.155
Summary
This law outlines the process for transferring or managing assets of a special district upon its dissolution. It affects special districts in Hardeman County, requiring the board to either transfer assets to the county or manage them until debts are settled.
Assets must be transferred to Hardeman County or another agency.
The board manages assets until all debts are resolved.
Applicable only if a majority votes for dissolution.
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In simple terms: Learn about Texas's TRANSFER OR ADMINISTRATION OF ASSETS. (a) If a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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