86R17811 TYPED By: Bettencourt S.B. No. 2430 A BILL TO BE ENTITLED AN ACT relating to the dissolution of a municipal management district by landowner petition. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 375.262, Local Government Code, is amended to read as follows: Sec. 375.262. DISSOLUTION BY PETITION BY OWNERS. Except as limited by Section 375.264, the board shall dissolve the district on written petition filed with the board by the owners of: (1) 50 [75] percent or more of the assessed value of the property in the district based on the most recent certified county property tax rolls; or (2) 50 [75] percent or more of the surface area of the district, excluding roads, streets, highways, utility rights-of-way, other public areas, and other property exempt from assessment under Sections 375.161, 375.163, and 375.164, according to the most recent certified county property tax rolls. SECTION 2. Section 68.352(b), Water Code, is amended to read as follows: (b) The board shall dissolve the district on written petition filed with the board by the owners of: (1) 75 percent or more of the assessed value of the property in the district based on the most recent certified county property tax rolls; or (2) 75 percent or more of the surface area of the district, excluding roads, streets, highways, utility rights-of-way, other public areas, and other property exempt from assessment under this chapter, according to the most recent certified county property tax rolls [A district may be dissolved as provided by Section 375.262, Local Government Code]. SECTION 3. This Act takes effect September 1, 2019.