Texas § SD.1030.305 - DISPOSITION OR TRANSFER OF DISTRICT ASSETS
Full text of Texas The Texas Constitution § SD.1030.305 — DISPOSITION OR TRANSFER OF DISTRICT ASSETS, with citation guidance and answers to common questions.
§ SD.1030.305. DISPOSITION OR TRANSFER OF DISTRICT ASSETS
DISPOSITION OR TRANSFER OF DISTRICT ASSETS; DECLARATION OF DISSOLUTION. (a) A board order issued under Section 1030.304 that disposes of district assets must satisfy the district's debts and bond obligations in a manner that protects the interests of citizens in the district, including the citizens' collective property rights in the district's assets and property. (b) In connection with an election in favor of dissolution, the board may not dispose of or transfer the district's assets except for due compensation unless: (1) the assets are transferred to another governmental agency, such as a county, embracing the district; and (2) the transferred assets are to be used for the benefit of citizens formerly in the district. (c) A grant from federal funds, however dispensed, is an obligation to be repaid in satisfaction. (d) On completion of the requirements of this section, the board shall declare the district dissolved. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.02, eff. April 1, 2009. SUBCHAPTER H. EXPANSION OF TERRITORY TO INCLUDE ALL OF FRIO COUNTY
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.1030.305
What does The Texas Constitution § SD.1030.305 cover?
Section SD.1030.305 ("DISPOSITION OR TRANSFER OF DISTRICT ASSETS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.1030.305?
A common citation format is "The Texas Constitution § SD.1030.305" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.1030.305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.