If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2007:

1. (1) the district is dissolved on September 1, 2007, except that:

   1. (A) any debts of the district incurred shall be paid;
   2. (B) any assets of the district that remain after the payment of debts shall be transferred to Kaufman County; and
   3. (C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
2. (2) this chapter expires September 1, 2010.

Added by Acts 2005, 79th Leg., Ch. 1169 (H.B. 3498), Sec. 1, eff. June 18, 2005.

Added by Acts 2005, 79th Leg., Ch. 1361 (S.B. 1894), Sec. 4.01, eff. June 18, 2005.