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A BILL TO BE ENTITLED
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AN ACT
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relating to transfer of the ownership rights of the Woodlawn Water |
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Supply Corporation to the Angelina and Neches River Authority. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. DEFINITIONS. In this Act: |
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(1) "Authority" means the Angelina and Neches River |
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Authority. |
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(2) "Corporation" means the Woodlawn Water Supply |
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Corporation. |
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SECTION 2. TRANSFER OF WATER SUPPLY CORPORATION; ASSETS; |
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DISSOLUTION. (a) The authority may enter into a contract with the |
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corporation to transfer the assets, debts, and contractual rights |
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and obligations of the corporation to the authority. |
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(b) On the date a contract is executed as provided by |
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Subsection (a) of this section: |
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(1) all real property, easements, appurtenances, |
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conveyance systems, transmission and treatment systems, designated |
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rights-of-way, and other property interests of the corporation are |
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transferred to the authority; |
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(2) Certificate of Convenience and Necessity |
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No. 10354 is considered to be held by the authority; and |
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(3) the board of directors of the corporation shall |
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notify: |
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(A) the Texas Commission on Environmental |
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Quality of the transfer of the corporation to the authority; and |
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(B) the Public Utility Commission of Texas of the |
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transfer of Certificate of Convenience and Necessity No. 10354 to |
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the authority. |
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(c) On receipt of notice under Subsection (b)(3)(B) of this |
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section, the Public Utility Commission of Texas shall note in its |
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records that Certificate of Convenience and Necessity No. 10354 is |
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held by the authority and shall reissue the certificate in the name |
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of the authority without further application, notice, or hearing. A |
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person, party, or entity does not have any right of protest, |
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objection, or administrative review of the transfer prescribed by |
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this section. |
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(d) Not later than 30 days after the date of the transfer |
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under Subsection (b) of this section, the board of directors of the |
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corporation shall commence dissolution proceedings of the |
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corporation. |
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SECTION 3. EFFECTIVE DATE. This Act takes effect |
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immediately if it receives a vote of two-thirds of all the members |
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elected to each house, as provided by Section 39, Article III, Texas |
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Constitution. If this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect September 1, 2025. |