(a) If a majority of the board votes to propose to dissolve the district, the board may issue notice of a hearing on a proposal to dissolve the district.
(b) The district may not vote on the issue of dissolution before the earlier of:
(1) August 31, 2019; or
(2) if the district is a party to a lawsuit pending on May 1, 2017, the date:
(A) a settlement is reached by all parties in the lawsuit; or
(B) a final judgment is entered in the lawsuit.
(c) Not later than the 14th day before the date set for the hearing, notice of the hearing must:
(1) be posted at the courthouse of each county in which the district is located and at the district's office; and
(2) be published at least one time in a newspaper of general circulation in each county in which the district is located.