If the creation of the district is not confirmed at a confirmation election held under Section 8860.022 before December 31, 2016:

1. (1) the district is dissolved on December 31, 2016, except that the district shall:

   1. (A) pay any debts incurred;
   2. (B) transfer to Calhoun County any assets 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, 2018.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1091 (S.B. 1290), Sec. 1, eff. September 1, 2011.