Tex. Loc. Gov't Code § 506.151 · Subchapter D. FINANCIAL PROVISIONS
DISTRIBUTION OF NET EARNINGS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the board of directors of a county alliance corporation determines that sufficient provisions have been made to pay the corporation's expenses, bonds, and other obligations, any net earnings may be distributed among the counties in the county alliance as a percentage of the per capita contributions made by each of the counties during the corporation's existence.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.506.htm
- Text hash
- sha256 30468cc74bde143a71b15e6d090c0b1f87df0d88f9b13c24c1e11af9e7335779
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.