If the creation of the district is not confirmed at a confirmation election held under Section 9004.021 before September 1, 2010:

1. (1) the district is dissolved September 1, 2010, except that:

   1. (A) any debts incurred shall be paid;
   2. (B) any assets that remain after the payment of debts shall be transferred to Hays 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, 2013.

Added by Acts 2005, 79th Leg., Ch. 1323 (H.B. 3479), Sec. 1, eff. June 18, 2005.