Texas Utilities Code

§ 163.090 — DISSOLUTION

UT § 163.090Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 163. JOINT POWERS AGENCIES · Art. C-1. ALTERNATE GOVERNANCE FOR CERTAIN MUNICIPAL POWER AGENCIES

Statute text

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(a)The participating public entities of an agency may by concurrent ordinance dissolve the agency.

(b)Concurrent ordinances dissolving an agency must:

(1)contain identical provisions;

(2)state that the agency will be dissolved upon the winding up of agency affairs;

(3)direct the board or boards of the agency to wind up the business and affairs of the agency and to inform the participating public entities by resolution when the winding up of the business and affairs of the agency is complete; and

(4)state the date on which the dissolution takes effect, provided that the date provides sufficient time for the board or boards of the agency to wind up agency affairs.

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Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 1162 (S.B. 776), Sec. 3, eff. September 1, 2015.