H.B. No. 1709
AN ACT
relating to procedures for the dissolution of the Bois D'Arc Island
Levee Improvement District of Dallas and Kaufman Counties.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 7801, Special District
Local Laws Code, is amended by adding Section 7801.003 to read as
follows:
Sec. 7801.003. DISSOLUTION OF DISTRICT. (a) Not later than
18 months after the next regularly scheduled election of directors
under Section 7801.051, the Commissioners Courts of Dallas and
Kaufman Counties may dissolve the district if:
(1) at that election, the appropriate number of
directors under Section 7801.051(c) are not elected; or
(2) the directors elected at that election fail to
attend 50 percent of the board meetings scheduled during the 12
months following that election.
(b) To dissolve the district under Subsection (a), the
Commissioners Courts of Dallas County and Kaufman County each must
issue an order dissolving the district. The orders must provide for
the:
(1) sale or transfer of the district's assets and
liabilities;
(2) administration of property, assets, and debts of
the district until all money has been disposed of and all district
debts have been paid or settled; and
(3) continued provision of the district's services
without interruption to the extent the district has been providing
services.
(c) The dissolution of the district and the sale or transfer
of the district's assets and liabilities may not:
(1) violate a trust indenture or bond resolution
relating to the outstanding bonds of the district; or
(2) diminish or impair the rights of the holders of
outstanding bonds, warrants, or other obligations of the district.
(d) This section expires January 1, 2020.
SECTION 2. This Act takes effect September 1, 2017.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1709 was passed by the House on March
30, 2017, by the following vote: Yeas 141, Nays 0, 1 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 1709 was passed by the Senate on May
12, 2017, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor