Texas Transportation Code

§ 451.612 — CERTIFICATION OF NET FINANCIAL OBLIGATION OF UNIT

TN § 451.612Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 451. METROPOLITAN RAPID TRANSIT AUTHORITIES · Art. M. WITHDRAWAL OF TERRITORY FROM AUTHORITY

Statute text

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(a)The board shall certify to the governing body of a withdrawn unit of election and to the comptroller the net financial obligation of the unit to the authority as determined under this subchapter.

(b)If there is no net financial obligation of the unit, the certification must show that fact.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.