Sec. 384.018. DISSOLUTION. An organization created under this chapter shall be dissolved by the commission 12 years after its creation unless the commission approves a petition, submitted and approved in accordance with Section 384.015, for an additional 12-year term. The commission may continue to approve successive 12-year terms for the organization as long as the need for the organization exists.
Added by Acts 1993, 73rd Leg., ch. 128, Sec. 1, eff. May 11, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 11.207, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Chapter 384 - Area Emission Reduction Credit Organizations
Section 384.003. Establishment of Organization
Section 384.004. Functions; Organization
Section 384.005. Offset Requirements
Section 384.006. Location Restriction
Section 384.008. Board of Directors
Section 384.009. Removal for Cause
Section 384.010. Conflict of Interest
Section 384.012. Powers and Duties
Section 384.014. Annual Report
Section 384.015. Procedure for Filing and Approval of Petition