By:  Sadler                                            H.B. No. 913
       73R3144 MLR-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the dissolution of the Little Cypress Utility District.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  DISTRICT TO BE DISSOLVED.  The Little Cypress
    1-5  Utility District shall be dissolved as provided by this Act.
    1-6        SECTION 2.  DISSOLUTION PLAN.  The board of directors of the
    1-7  Little Cypress Utility District shall develop and adopt a plan for
    1-8  dissolution of the district that includes liquidation of its debts
    1-9  and liabilities and the transfer of assets of the district in
   1-10  accordance with this Act.  The term of any director whose term of
   1-11  office is due to expire before September 1, 1993, is extended to
   1-12  terminate with the dissolution of the district.
   1-13        SECTION 3.  TRANSFER OF ASSETS.  Not later than September 1,
   1-14  1993, the board of directors of the Little Cypress Utility District
   1-15  shall pay or provide for the payment of all debts and liabilities
   1-16  and transfer all of its assets to the city of Longview.
   1-17        SECTION 4.  DATE OF DISSOLUTION.  On the latter of September
   1-18  1, 1993, or the date the requirements of Section 3 of this Act are
   1-19  accomplished, the Little Cypress Utility District is dissolved, and
   1-20  any unsatisfied debt or legally established liability of the
   1-21  district shall be a charge on the assets transferred until paid.
   1-22        SECTION 5.  REPEALER.  On the dissolution of the district,
   1-23  Chapter 772, Acts of the 69th Legislature, Regular Session, 1985,
   1-24  and Chapter 146, Acts of the 70th Legislature, Regular Session,
    2-1  1987, are repealed.
    2-2        SECTION 6.  EMERGENCY.  The importance of this legislation
    2-3  and the crowded condition of the calendars in both houses create an
    2-4  emergency and an imperative public necessity that the
    2-5  constitutional rule requiring bills to be read on three several
    2-6  days in each house be suspended, and this rule is hereby suspended,
    2-7  and that this Act take effect and be in force from and after its
    2-8  passage, and it is so enacted.