Texas Water Code

§ 6.115 — RECEIVERSHIP

WA § 6.115Title 2. WATER ADMINISTRATION · Part A. EXECUTIVE AGENCIES · Ch. 6. TEXAS WATER DEVELOPMENT BOARD · Art. D. GENERAL POWERS AND DUTIES OF THE BOARD

Statute text

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(a)In this section, "financial assistance program recipient" has the meaning assigned by Section 6.114.

(b)In addition to the remedies available under Section 6.114, at the request of the board, the attorney general shall bring suit in a district court in Travis County for the appointment of a receiver to collect the assets and carry on the business of a financial assistance program recipient if:

(1)the action is necessary to cure a default by the recipient; and

(2)the recipient is not:

(A)a municipality or county; or

(B)a district or authority created under Section 52, Article III, or Section 59, Article XVI, Texas Constitution.

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1233 (S.B. 660), Sec. 2, eff. September 1, 2011.