Sec. 8264.003.  CONFIRMATION ELECTION REQUIRED.  If the creation of the district is not confirmed at a confirmation election held under Section 8264.023 before September 1, 2011:
(1)  the district is dissolved September 1, 2011, except that the district shall:
(A)  pay any debts incurred;
(B)  transfer to Grayson County any assets that remain after the payment of debts; and
(C)  maintain the organization of the district until all debts are paid and remaining assets are transferred; and
(2)  this chapter expires September 1, 2014.
Added by Acts 2007, 80th Leg., R.S., Ch. 1129 (H.B. 4069), Sec. 2.01, eff. September 1, 2007.