Texas Special District Local Laws Code § 9023.209 Distribution Of Property, Receivables, And Other Assets

Sec. 9023.209. DISTRIBUTION OF PROPERTY, RECEIVABLES, AND OTHER ASSETS. (a) All infrastructure and real property, including water and sewer lines, storage tanks, treatment plants, towers, buildings, land, and other facilities located within municipal territory disannexed under this subchapter that are related to the provision of water and sewer services by the district in the disannexed territory, shall revert to the disannexed municipality.

(b) All receivables from connections in municipal territory disannexed under this subchapter transfer to the disannexed municipality.

(c) Other assets, including vehicles, computers, office furniture and equipment, and cash, shall be divided between the district and the disannexed municipality by the master in proportion to the population of the district or the disannexed municipal territory.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.


Text of section effective on April 01, 2017


Section: Previous  9023.152  9023.153  9023.154  9023.155  9023.156  9023.157  9023.201  9023.202  9023.203  9023.204  9023.205  9023.206  9023.207  9023.208  9023.209

Last modified: September 28, 2016