Tex. Spec. Dists. Code § 3502.152

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3502.152 - Power to Dissolve

(a) The board may dissolve the authority if:

(1) each municipality in the authority approves the dissolution; and

(2) all debts or obligations have been satisfied or retired.

(b) Any assets of the authority remaining after all debts or obligations have been satisfied shall be conveyed or transferred to the municipalities in the authority as approved by the board.

Tex. Spec. Dist. Loc. Laws § 3502.152

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. 4/1/2005.