Section 782. Duty to approve proposed elector initiated dissolution plan

1.  In the case of a proposed dissolution of a local  government  entity
  properly  initiated  by  petition  of electors pursuant to section seven
  hundred seventy-nine of this title, if a majority of the electors voting
  at a referendum vote in favor of  dissolution,  the  entity's  governing
  body  shall meet within thirty days after certification of the favorable
  vote and, within one hundred eighty days of such  meeting,  prepare  and
  approve a proposed elector initiated dissolution plan.
    2. The proposed elector initiated dissolution plan shall specify:
    (a) the name of the local government entity to be dissolved;
    (b) the territorial boundaries of the entity;
    (c) the type and/or class of the entity;
    (d) a fiscal estimate of the cost of dissolution;
    (e) any plan for the transfer or elimination of public employees;
    (f)  the  entity's  assets,  including  but  not  limited  to real and
  personal property, and the fair value thereof in current  money  of  the
  United States;
    (g)  the  entity's liabilities and indebtedness, bonded and otherwise,
  and the fair value thereof in current money of the United States;
    (h) any agreements entered into with the town or towns  in  which  the
  entity is situated in order to carry out the dissolution;
    (i)  the  manner  and  means by which the residents of the entity will
  continue to be  furnished  municipal  services  following  the  entity's
  dissolution;
    (j)  terms  for  the  disposition  of  the  entity's  assets  and  the
  disposition of its liabilities and indebtedness, including the levy  and
  collection of the necessary taxes and assessments therefor;
    (k)  findings  as  to  whether  any  local  laws, ordinances, rules or
  regulations of the entity shall remain in  effect  after  the  effective
  date  of  the dissolution or shall remain in effect for a period of time
  other than as provided by section  seven  hundred  eighty-nine  of  this
  title;
    (l) the effective date of the dissolution;
    (m)  the  time and place or places for a public hearing or hearings on
  such  proposed  dissolution  plan  pursuant  to  section  seven  hundred
  eighty-four of this title; and
    (n)  any  other  matter  desirable  or  necessary  to  carry  out  the
  dissolution.
    * NB Effective March 21, 2010