QUALIFIED WATER SUPPLY CORPORATION.
Tex. SPEC. DIST. LOCAL LAWS Code § 7886.0201.
in effectA corporation is qualified to assume the district's debts, liabilities, and obligations and assume ownership of the district's assets and facilities if the corporation:
(1) is member-owned, member-controlled, and formed under Chapter 67 , Water Code; and
(2) possesses a valid certificate of public convenience and necessity obtained under Section 13.246 , Water Code.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530 ), Sec. 1.02, eff. April 1, 2023.
