Sec. 431.104. ASSUMPTION OF POWERS AND DUTIES. (a) The governing body of a local government may assume for the local government the powers and duties of a local government corporation created by the local government.
(b) A local government that assumes the powers and duties of a local government corporation assumes the assets and liabilities of the corporation.
(c) The powers and duties of a local government corporation created by more than one local government may be assumed only if each local government that created the corporation agrees to the assumption.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter D. Local Government Corporations
Section 431.101. Creation of Local Government Corporation
Section 431.1015. Corporations of Certain Counties for Toll Projects
Section 431.102. Application of Chapter 394, Local Government Code
Section 431.103. Contracts With Political Subdivisions
Section 431.104. Assumption of Powers and Duties
Section 431.105. Contractual Authority
Section 431.106. Public Safety Rules
Section 431.107. Income of Local Government Corporation
Section 431.108. Governmental Functions
Section 431.109. Contracts for Historically Underutilized Businesses
Section 431.110. Competitive Bidding Exception for Certain Improvements