Tex. Spec. Dist. Local Laws Code Section 11010.105
Sponsor Conveyances and Acquisitions


(a)

In this section, “utility system” has the meaning assigned by Section 1502.001 (Definitions), 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 (Public Securities for Municipal Utilities, Parks, or Pools), Government Code, regarding the conveyance, sale, or acquisition of a utility system, or any related works, improvements, facilities, plants, equipment, or appliances.
Added by Acts 2017, 85th Leg., R.S., Ch. 806 (S.B. 1198), Sec. 2, eff. June 15, 2017.

Source: Section 11010.105 — Sponsor Conveyances and Acquisitions, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­11010.­htm#11010.­105 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 11010.105’s source at texas​.gov