{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8501.264","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8501.264","heading":"SALE UNDER MORTGAGE OR ENCUMBRANCE.","body":"(a) Under a sale ordered under a mortgage or encumbrance described by Section 8501.263, a purchaser of the improvements, facilities, and other property at the sale, and the purchaser's successors or assigns, are vested with a permit and franchise to maintain and operate the improvements, facilities, and other property with powers and privileges like those held by the authority in the operation of the improvements, facilities, and other property.\n(b) Instead of operating the improvements, facilities, and other property as provided by Subsection (a), the purchaser and the purchaser's successors or assigns may remove all or part of the improvements, facilities, and other property for diversion to other purposes.\nActs 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE G. RIVER AUTHORITIES","CHAPTER 8501. ANGELINA AND NECHES RIVER AUTHORITY","SUBCHAPTER F. OBLIGATIONS RELATING TO BORROWED MONEY"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8501.htm#8501.264","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"21225c6c456bdb8fd10ccb47c4a89acda41ffdb0e07854001fe1896b12ecd22b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8501.263","next":"us-tx/tex.-special-district-local-laws-code-8501.265"},"notice":"GroundRules: Original legal text. Not legal advice."}