Tex. Spec. Dists. Code § 4501.201

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

Section 4501.201 - Dissolution of Authority; Outstanding Debt

(a) The board may dissolve the authority regardless of whether the authority has debt.

(b) If the authority has debt when it is dissolved, the authority shall remain in existence solely for the purpose of discharging its debts. The dissolution is effective when all debts have been discharged.

Tex. Spec. Dist. Loc. Laws § 4501.201

Added by Acts 2007, 80th Leg., R.S., Ch. 568, Sec. 1, eff. 6/16/2007.