Texas § LG.506.202 - DISTRIBUTION OF ASSETS

Full text of Texas The Texas Constitution § LG.506.202 — DISTRIBUTION OF ASSETS, with citation guidance and answers to common questions.

§ LG.506.202. DISTRIBUTION OF ASSETS

DISTRIBUTION OF ASSETS. (a) Subject to Subsection (b), on termination of the existence of a county alliance corporation, any assets of the corporation remaining after all the corporation's obligations have been met shall be distributed among the counties in the county alliance as a percentage of the per capita contributions made by each of the counties during the corporation's existence. (b) A county that withdraws from a county alliance is entitled to receive a distribution under Subsection (a) that is reduced by one percent for each year the corporation operated without the county's membership in the alliance. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § LG.506.202

What does The Texas Constitution § LG.506.202 cover?

Section LG.506.202 ("DISTRIBUTION OF ASSETS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § LG.506.202?

A common citation format is "The Texas Constitution § LG.506.202" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § LG.506.202 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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