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Texas Special District Local Laws Code - SDLL § 11010.105. Sponsor Conveyances and Acquisitions

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In this section, “utility system” has the meaning assigned by Section 1502.001, Government Code.

(b) A sponsor may convey a utility system facility or asset or the sponsor's interest in a utility system facility or asset to the authority without holding an election to approve the conveyance.

(c) A sponsor is exempt from the provisions of Chapter 1502, Government Code, regarding the conveyance, sale, or acquisition of a utility system, or any related works, improvements, facilities, plants, equipment, or appliances.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 11010.105. Sponsor Conveyances and Acquisitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-11010-105/

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