Tex. Spec. Dist. Local Laws Code § 4501.201 · Subchapter E. DISSOLUTION
DISSOLUTION OF AUTHORITY; OUTSTANDING DEBT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 568 (S.B. 1659), Sec. 1, eff. June 16, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.4501.htm
- Text hash
- sha256 dfe2d1b095e2c004414456dd780fa60e70e7155a765448ac14a75807fdba1e5d
- 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.