In addition to the dissolution procedures provided by Chapter 172, the board may dissolve a district if:
(1) all district liabilities have been paid or adequate provision has been made for the payment of all liabilities;
(2) the district is not a party to any lawsuits or adequate provision has been made for the satisfaction of any judgment or order that may be entered against the district in a lawsuit to which the district is a party; and
(3) the district has commitments from other governmental entities to assume jurisdiction of all district rail facilities.