7-22-2448. Effect of dissolution. (1) The effective date of such dissolution shall be set by the commissioners at such time within the fiscal year as best conforms with the operations of the county budget, provided that before the dissolution shall be effective for all purposes, the mosquito control board of the district shall certify to the commissioners that all debts and obligations of the district have been paid, discharged, or irrevocably settled, together with legal proof thereof.
     (2) (a) Any funds unexpended at the dissolution of a district shall be paid over into the county general fund. Where the district is partly in one county and partly in another county, the funds shall be apportioned between the counties and such apportionment shall be based on the taxable value of the property which is within the district.
     (b) Physical assets may be liquidated as provided for in 7-8-2211 through 7-8-2220. Where the district is partly in one county and partly in another county, the proceeds of the sale of physical assets will be apportioned in like manner as the liquid assets.

     History: En. Sec. 11, Ch. 183, L. 1953; amd. Sec. 8, Ch. 337, L. 1973; amd. Sec. 6, Ch. 399, L. 1975; R.C.M. 1947, 16-4211(part).