Sec. 36.310. ASSETS ESCHEAT. Upon the dissolution of a district by the commission, all assets of the district shall be sold at public auction and the proceeds given to the county if it is a single-county district. If it is a multicounty district, the proceeds shall be divided with the counties in proportion to the surface land area in each county served by the district.
Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 20.10, eff. Sept. 1, 1997. Renumbered from Water Code Sec. 36.307 and amended by Acts 1997, 75th Leg., ch. 1010, Sec. 4.36, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle E - Groundwater Management
Chapter 36 - Groundwater Conservation Districts
Subchapter I. Performance Review and Dissolution
Section 36.301. Failure to Submit a Management Plan
Section 36.3011. Commission Inquiry and Action Regarding District Duties
Section 36.302. Legislative Audit Review; Determination of Whether District Is Operational
Section 36.303. Action by Commission
Section 36.3035. Appointment of a Receiver
Section 36.304. Dissolution of District
Section 36.305. Notice of Hearing for Dissolution of Board or District
Section 36.307. Order of Dissolution of Board