Tex. Spec. Dist. Local Laws Code § 3501.152 · Subchapter D. TRANSFER OF OWNERSHIP; DISSOLUTION
DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The authority may be dissolved only:
(1) when the board determines that all the functions of the authority are performed and completed;
(2) after all debts or obligations have been satisfied or retired with the assets of the authority; and
(3) after any remaining real property and other assets of the authority have been conveyed or transferred:
(A) to Texas Tech University, if approved by the Board of Regents of the Texas Tech University System; or
(B) if Texas Tech University declines to accept any remaining real property and other assets of the authority, to the City of Lubbock.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 228 (H.B. 5092), Sec. 7, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3501.htm
- Text hash
- sha256 d19926c147d6d802884bd1775f0deb3567ba4c08949478b6a09d11268cbd6c40
- 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
Cited by 1 provision
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Special District Local Laws Code
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