Relating to the responsibility of a board of a public service district to cooperate with a county commission in the sale of assets of a public service district that is being dissolved, sold or merged with another public service district.

HB 4862 requires the board of a public service district to cooperate with a county commission when the district is being dissolved, sold, or merged. It eliminates the need for the district board to hold a separate hearing and obtain its own approval if the county commission has already ordered the dissolution/sale/merger and received Public Service Commission approval. The bill mandates that the district board must execute necessary documents to transfer assets and ensures that sale proceeds are distributed first to pay district debts, then to contributors who funded system construction, and finally to the county commission if any funds remain. This applies specifically to water, sewer, stormwater, and gas systems owned by public service districts.