Section 11010.105 - Sponsor Conveyances and Acquisitions(a) In this section, "utility system" has the meaning assigned by Section 1502.001, Government Code.(b) A sponsor may convey a utility system facility or asset or the sponsor's interest in a utility system facility or asset to the authority without holding an election to approve the conveyance.(c) A sponsor is exempt from the provisions of Chapter 1502, Government Code, regarding the conveyance, sale, or acquisition of a utility system, or any related works, improvements, facilities, plants, equipment, or appliances.Tex. Spec. Dist. Loc. Laws § 11010.105
Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 806,Sec. 2, eff. 6/15/2017.