A. If a special taxing district is found to have been inactive for at least five consecutive years, and upon investigation the board of supervisors finds that the district has no future purpose as determined by the district board of directors and no current indebtedness, the board of supervisors shall dissolve the district by board resolution.
B. Dissolution action pursuant to subsection A does not apply to districts formed under chapters 4, 21, 22, 27 and 28 of this title.