Tex. Transp. Code § 370.332 · Subchapter H. DISSOLUTION OF AUTHORITY
INVOLUNTARY DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commission by order may require an authority to dissolve if the commission determines that the authority has not substantially complied with the requirements of a commission rule or an agreement between the department and the authority.
(b) The commission may not require dissolution unless:
(1) the conditions described in Sections 370.331(c)(1) and (2) have been met; and
(2) the holders of any indebtedness have evidenced their agreement to the dissolution.
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 8c6ce9782b643f788198aca81710d11de84173895f7e61596de32918cc0a13e8
- 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
This section cites
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