Texas Special District Local Laws Code 7201.303 – Powers and Duties of Receiver
Current as of: 2024 | Check for updates
|
Other versions
(a) The receiver shall execute a bond in an amount to be set by the court to ensure the proper performance of the receiver’s duties.
(b) After appointment and execution of bond, the receiver shall take possession of the assets of the district specified by the court.
Terms Used In Texas Special District Local Laws Code 7201.303
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(c) Until discharged by the court, the receiver shall perform the duties that the court directs to preserve the assets and carry on the business of the district and shall strictly observe the final order involved.
(d) The receiver has the powers and duties necessary to ensure the continued operation of the district and the provision of continuous and adequate services, including:
(1) meter reading;
(2) billing for services;
(3) collecting revenue;
(4) disbursing funds;
(5) accessing all system components; and
(6) requesting rate increases.