Tex. Transp. Code § 370.331 · Subchapter H. DISSOLUTION OF AUTHORITY
VOLUNTARY DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An authority may not be dissolved unless the dissolution is approved by the commission.
(b) A board may submit a request to the commission for approval to dissolve.
(c) The commission may approve a request to dissolve only if:
(1) all debts, obligations, and liabilities of the authority have been paid and discharged or adequate provision has been made for the payment of all debts, obligations, and liabilities;
(2) there are no suits pending against the authority, or adequate provision has been made for the satisfaction of any judgment, order, or decree that may be entered against it in any pending suit; and
(3) the authority has commitments from other governmental entities to assume jurisdiction of all authority transportation facilities.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1325, Sec. 2.01, eff. June 21, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.370.htm
- Text hash
- sha256 b21d4c6e5fab7033361bf03fbef463fc727e5501ebd29dd5c829d2bb3988dca6
- 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 2 provisions
Provisions in this library whose text cites Tex. Transp. Code § 370.331. Each shows the citation as that text prints it.
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.