1. (a) The district may be dissolved only on approval of a majority of the voters voting in an election held for that purpose.
2. (b) The board may order an election on the question of dissolving the district and disposing of the district's assets and obligations.
3. (c) The board shall order an election on the question of dissolution of the district if the board receives a petition requesting an election that is signed by a number of residents of the district equal to at least 15 percent of the registered voters in the district.
4. (d) The election shall be held not later than the 60th day after the date the election is ordered.

5. (e) The order calling the election must state:

   1. (1) the nature of the election, including the proposition that is to appear on the ballot;
   2. (2) the date of the election;
   3. (3) the hours during which the polls will be open; and
   4. (4) the location of the polling places.
6. (f) Section 41.001(a), Election Code, does not apply to an election ordered under this section.

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.