Texas Transportation Code
§ 441.233 — TRANSFER OF DISTRICT MONEY
TN § 441.233Title 6. ROADWAYS · Part J. ROAD UTILITY DISTRICTS · Ch. 441. ROAD UTILITY DISTRICTS · Art. L. DISSOLUTION
Statute text
View on source(a)On dissolution of the district, the board shall transfer the district's money to the governmental entity to which the road facility was conveyed. If road facilities were conveyed to more than one governmental entity, the board shall distribute the money among those governmental entities in proportion to the proceeds of all indebtedness that the district incurred to construct, purchase, or improve the road facilities conveyed to each respective governmental entity.
(b)A governmental entity shall use the money to maintain the road facility.
Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.