If the creation of the district is not confirmed at a confirmation and initial directors' election held before September 1, 2022:

1. (1) the district is dissolved on September 1, 2022, except that the district shall:

   1. (A) pay any debts incurred;
   2. (B) transfer to Caldwell 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, 2023.

Added by Acts 2019, 86th Leg., R.S., Ch. 559 (S.B. 1422), Sec. 1, eff. June 10, 2019.