Sec. 36.352.  TERMS AND CONDITIONS OF CONSOLIDATION.  (a)  The terms and conditions for consolidation shall include:
(1)  adoption of a name for the district;
(2)  the number and apportionment of directors to serve on the board;
(3)  the effective date of the consolidation;
(4)  an agreement on finances for the consolidated district, including disposition of funds, property, and other assets of each district;
(5)  transfer of all permits issued in the area that is the subject of the consolidation to the consolidated district;  and
(6)  an agreement on governing the districts during the transition period, including selection of officers.
(b)  The terms and conditions for consolidation may include:
(1)  assumption by each district of the other district's bonds, notes, voted but unissued bonds, or other obligations;
(2)  an agreement to levy taxes to pay for bonds;
(3)  any other terms of conditions agreed upon by the board of each district.
Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.