Sec. 8803.103. POWER TO CONTRACT WITH MUNICIPALITIES. The district may enter into a contract with a municipality to assume the functions of the municipality's municipally owned utility. A contract under this section may include provisions for the district's:
(1) assumption of the debts, liabilities, and obligations of the municipally owned utility;
(2) ownership or use of the assets and facilities of the municipally owned utility; and
(3) performance of the functions and services previously provided by the municipally owned utility.
Added by Acts 2005, 79th Leg., Ch. 451 (S.B. 1848), Sec. 4, eff. June 17, 2005.
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