Texas § SD.1015.307 - DISPOSITION OR TRANSFER OF ASSETS AND DEBTS
Full text of Texas The Texas Constitution § SD.1015.307 — DISPOSITION OR TRANSFER OF ASSETS AND DEBTS, with citation guidance and answers to common questions.
§ SD.1015.307. DISPOSITION OR TRANSFER OF ASSETS AND DEBTS
DISPOSITION OR TRANSFER OF ASSETS AND DEBTS. (a) The board may not dispose of or transfer the district's assets except for due compensation unless: (1) the debts are transferred to another governmental entity embracing the district; and (2) the transferred assets are used for the benefit of citizens formerly in the district. (b) If the board transfers the district's debts to another governmental entity, the board shall also transfer to that governmental entity: (1) title to land, buildings, improvements, and equipment related to the hospital system owned by the district; and (2) operating money and reserves for operating expenses and money budgeted by the district to provide medical care for district residents for the remainder of the fiscal year in which the district is dissolved. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.02, eff. April 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.1015.307
What does The Texas Constitution § SD.1015.307 cover?
Section SD.1015.307 ("DISPOSITION OR TRANSFER OF ASSETS AND DEBTS") 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.1015.307?
A common citation format is "The Texas Constitution § SD.1015.307" (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.1015.307 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.