Texas § SD.8364.073 - PETITION TO LEAVE AUTHORITY

Full text of Texas The Texas Constitution § SD.8364.073 — PETITION TO LEAVE AUTHORITY, with citation guidance and answers to common questions.

§ SD.8364.073. PETITION TO LEAVE AUTHORITY

PETITION TO LEAVE AUTHORITY. (a) A member entity may petition the board to leave the authority. (b) If the authority determines that allowing the member entity to leave the authority will not impair any outstanding bonds or other obligations of the authority on the date the board receives the petition, the board may approve the petition. (c) If on the date the board receives the petition the authority has bonds or other obligations outstanding for which the member entity seeking to leave is wholly or partly responsible, the board may approve the petition only if: (1) the member entity agrees to pay its share of the bonds or other obligations; and (2) the authority determines that as a result of that payment the remaining bonds or other obligations of the authority will not be impaired. Added by Acts 2011, 82nd Leg., R.S., Ch. 525 (H.B. 2360 ), Sec. 1, eff. June 17, 2011. SUBCHAPTER C. POWERS AND DUTIES

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Frequently Asked Questions About Texas § SD.8364.073

What does The Texas Constitution § SD.8364.073 cover?

Section SD.8364.073 ("PETITION TO LEAVE AUTHORITY") 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 § SD.8364.073?

A common citation format is "The Texas Constitution § SD.8364.073" (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 § SD.8364.073 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

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.