If the creation of the district is not confirmed at a confirmation election held under Section 9024.024 before September 1, 2011:

1. (1) the district is dissolved September 1, 2011, except that the district shall:

   1. (A) pay any debts incurred;
   2. (B) transfer to Galveston 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, 2014.

Added by Acts 2007, 80th Leg., R.S., Ch. 788 (H.B. 4010), Sec. 1, eff. September 1, 2007.