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Section 8808.152. Authority for Agreement for Merger; Provisions

TX Spec Dist Code § 8808.152 (2019) (N/A)
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Sec. 8808.152. AUTHORITY FOR AGREEMENT FOR MERGER; PROVISIONS. (a) Subject to Sections 8808.153, 8808.154, and 8808.155, the district may enter into a merger agreement with a water control and improvement district in Duval County.

(b) The merger agreement must include provisions for:

(1) the district's assumption of the debts, liabilities, and obligations of the water control and improvement district;

(2) the district's assumption of the ownership of the assets and facilities of the water control and improvement district;

(3) the assignment to the district of the certificate of public convenience and necessity obtained by the water control and improvement district under Subchapter G, Chapter 13, Water Code, and any right obtained under the certificate;

(4) the district's performance of the functions and services previously provided by the water control and improvement district; and

(5) the dissolution of the water control and improvement district.

Added by Acts 2005, 79th Leg., Ch. 450 (S.B. 1847), Sec. 1, eff. June 17, 2005.

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Section 8808.151. Definitions
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Section 8808.153. Board and Directors Approval of Merger Agreement