If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2009:

1. (1) the district is dissolved on September 1, 2009, 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 San Jacinto 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, 2012.

Added by Acts 2007, 80th Leg., R.S., Ch. 528 (S.B. 853), Sec. 1, eff. June 16, 2007.