Texas Statutes
§ 506.151 — DISTRIBUTION OF NET EARNINGS.
Texas § 506.151
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 506.151 (DISTRIBUTION OF NET EARNINGS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Local Government Code Code Ann. § 506.151 (2026).
Text
Sec. 506.151. DISTRIBUTION OF NET EARNINGS. If the board of directors of a county alliance corporation determines that sufficient provisions have been made to pay the corporation's expenses, bonds, and other obligations, any net earnings may be distributed among the counties in the county alliance as a percentage of the per capita contributions made by each of the counties during the corporation's existence.
SUBCHAPTER E. TERMINATION OF CORPORATION
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Legislative History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.
Nearby Sections
12
§ 506.001
DEFINITION.§ 506.004
APPLICABILITY OF SUBTITLE.§ 506.051
APPOINTMENT OF DIRECTORS; TERM.§ 506.053
REMOVAL OF DIRECTOR.§ 506.102
WITHDRAWAL FROM COUNTY ALLIANCE.§ 506.151
DISTRIBUTION OF NET EARNINGS.§ 506.201
EFFECT OF WITHDRAWAL OF COUNTY.§ 506.202
DISTRIBUTION OF ASSETS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 506.151, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/506.151.