101.006 – RECEIVERSHIP FOR PAYMENT OF DEBTS. (a) On the
Texas Local Government Code § 101.006
Summary
This law allows a municipality to seek court intervention for debt management if it fails to negotiate a compromise on its debts. The court can oversee the collection and allocation of taxes, ensuring that funds are used appropriately while allowing for current operational expenses.
Municipalities can request court receivership for debt issues.
Court manages tax collection and allocation during receivership.
Current operational expenses are protected from tax appropriation.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's RECEIVERSHIP FOR PAYMENT OF DEBTS. (a) On the law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.