Sec. 375.314. DISSOLUTION OF THE AUTHORITY. (a) The governing body of the municipality that created an authority under this subchapter may dissolve the authority.
(b) Before dissolution, the municipality shall publish notice and hold public hearings on the proposed dissolution in the manner provided in Section 375.305.
(c) On dissolution, the municipality shall assume the assets, debts, and other obligations of the authority.
(d) Subchapter M does not apply to this subchapter.
Added by Acts 2003, 78th Leg., ch. 961, Sec. 1, eff. June 20, 2003.
Section: Previous 375.308 375.3085 375.309 375.310 375.311 375.312 375.313 375.314 375.315 375.351 375.352 375.353 375.354 375.355 375.356 NextLast modified: September 28, 2016