Tex. Spec. Dist. Local Laws Code § 8364.073 · Subchapter B-1. AUTHORITY MEMBERSHIP
PETITION TO LEAVE AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A member entity may petition the board to leave the authority.
(b) If the authority determines that allowing the member entity to leave the authority will not impair any outstanding bonds or other obligations of the authority on the date the board receives the petition, the board may approve the petition.
(c) If on the date the board receives the petition the authority has bonds or other obligations outstanding for which the member entity seeking to leave is wholly or partly responsible, the board may approve the petition only if:
(1) the member entity agrees to pay its share of the bonds or other obligations; and
(2) the authority determines that as a result of that payment the remaining bonds or other obligations of the authority will not be impaired.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 525 (H.B. 2360), Sec. 1, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8364.htm
- Text hash
- sha256 72b7165fe5ad31f9248ae9c7cae58eb1481ea8f7e87a888c97e3fb61fbe10364
- 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.