Tex. Spec. Dist. Local Laws Code § 3502.152 · Subchapter D. DISSOLUTION
POWER TO DISSOLVE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3502.htm
- Text hash
- sha256 e4cf241608aa1720e80a05ce30de11cd3866009dfad68803a7af859bcdb89578
- 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.