If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2016:

1. (1) the district is dissolved on September 1, 2016, except that the district shall:

   1. (A) pay any debts incurred;
   2. (B) transfer to Comal, Guadalupe, or Hays County, as appropriate, any assets of the district that remain after the payment of debts; and
   3. (C) maintain the organization of the district until all debts are paid and remaining assets are transferred; and
2. (2) this chapter expires September 1, 2017.

Added by Acts 2013, 83rd Leg., R.S., Ch. 1344 (S.B. 1116), Sec. 1, eff. June 14, 2013.