Sec. 7886.0201. QUALIFIED WATER SUPPLY CORPORATION. A 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.
Qualified Water Supply Corporation
Tex. Special District Local Laws Code § 7886.0201, under Sebastian Municipal Utility District.
Tex. Special District Local Laws Code § 7886.0201