233.297. 1. In lieu of the modes of dissolution set forth in section233.290 or in section 233.295, a special road district may be dissolved byelection. The dissolution procedure established under this section shallonly apply to the dissolution of special road districts in counties of thefourth classification.
2. Upon presentation of a petition signed by fifty registered votersof the special road district, the county commission shall make an orderthat the dissolution of the special road district order that the questionof dissolving the special road district shall be submitted to a vote of thepeople of the special road district. However no such petition may bepresented until the expiration of four years from the date of establishmentof the special road district or from the date of the last election seekingto expand or dissolve the special road district.
3. The question shall be submitted in substantially the followingform:
"Shall the . . . . . . . . Special Road District be dissolved?".
4. If a majority of the votes cast are in favor of the dissolution,the district shall be disincorporated and the operation of the law shallcease in that district.
5. The dissolution of the road district shall not affect the validityof any bonds issued by the road district and all levies related to suchbonds shall remain in effect until such bonds are paid. Likewise, thedissolution of the road district shall not affect the validity of anyspecial assessments or taxes levied against particular parcels or thevalidity of any unpaid taxes previously levied against a particular parcel.
6. Upon dissolution of a special road district pursuant to thissection, the land therein shall be assigned to a new or existing commonroad district pursuant to chapter 231, RSMo. If after payment of all debtsof the special road district, there are funds left in the possession of thespecial road district, such funds shall be allocated proportionately to thecommon road districts to which the land within the former special roaddistrict were assigned based on the acreage assigned to each common roaddistrict. To the extent that funds are paid subsequent to such originalallocation, other than funds connected with bond obligations undersubsection 5 of this section, based on obligations assigned to particularparcels or property, such funds shall be allocated to the common roaddistrict in which such parcels or property is located.
(L. 2008 S.B. 896)