Texas § UT.163.090 - DISSOLUTION
Full text of Texas The Texas Constitution § UT.163.090 — DISSOLUTION, with citation guidance and answers to common questions.
§ UT.163.090. DISSOLUTION
DISSOLUTION. (a) The participating public entities of an agency may by concurrent ordinance dissolve the agency. (b) Concurrent ordinances dissolving an agency must: (1) contain identical provisions; (2) state that the agency will be dissolved upon the winding up of agency affairs; (3) direct the board or boards of the agency to wind up the business and affairs of the agency and to inform the participating public entities by resolution when the winding up of the business and affairs of the agency is complete; and (4) state the date on which the dissolution takes effect, provided that the date provides sufficient time for the board or boards of the agency to wind up agency affairs. (c) The participating public entities may not dissolve an agency if the dissolution will impair the rights or remedies of holders of obligations issued by the agency. (d) The dissolved agency continues to exist to: (1) satisfy existing liabilities or obligations; (2) collect, distribute, or liquidate its assets; and (3) take any other action required to adjust and wind up its business and affairs. (e) The assets of the dissolved agency that remain after all liabilities or obligations of the agency have been satisfied shall be distributed to the public entities that created the agency. The public entities shall establish the method of distribution by agreement. (f) An agreement between a public entity and an agency entered into before September 1, 2015, regarding the distribution of the agency's assets after dissolution is enforceable according to the terms of the agreement, regardless of a provision to the contrary in this subchapter. Added by Acts 2015, 84th Leg., R.S., Ch. 1162 (S.B. 776 ), Sec. 3, eff. September 1, 2015. SUBCHAPTER D. AGENCY RECEIVING POWER THROUGH INTERSTATE SYSTEM
Frequently Asked Questions About Texas § UT.163.090
What does The Texas Constitution § UT.163.090 cover?
Section UT.163.090 ("DISSOLUTION") 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 § UT.163.090?
A common citation format is "The Texas Constitution § UT.163.090" (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 § UT.163.090 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.