Sec. 1049.305. AUDIT; TRANSFER OF ASSETS AND LIABILITIES. (a) Within 30 days after the election results are filed under Section 1049.304 , the commissioners court shall employ an independent audit of the dissolved district's assets and liabilities. (b) Within 10 days after the audit is completed, the commissioners court shall: (1) publish a copy of the audit in a newspaper of general circulation in the district; and (2) by declaration: (A) formally transfer the assets of the dissolved district to Kimble County; and (B) formally declare the county liable for all debts and liabilities incurred by the dissolved district. (c) The declarations shall be published in a newspaper of general circulation within 10 days after the declarations are made. (d) Any assets transferred to Kimble County shall be used to benefit the citizens formerly in the district.
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