Sec. 36.352. TERMS AND CONDITIONS OF CONSOLIDATION. (a) The terms and conditions for consolidation shall include: (1) adoption of a name for the district; (2) the number and apportionment of directors to serve on the board; (3) the effective date of the consolidation; (4) an agreement on finances for the consolidated district, including disposition of funds, property, and other assets of each district; (5) transfer of all permits issued in the area that is the subject of the consolidation to the consolidated district; and (6) an agreement on governing the districts during the transition period, including selection of officers. (b) The terms and conditions for consolidation may include: (1) assumption by each district of the other district's bonds, notes, voted but unissued bonds, or other obligations; (2) an agreement to levy taxes to pay for bonds; (3) any other terms of conditions agreed upon by the board of each district.
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