(a) A RUD may file a petition with the commission setting forth grounds for its dissolution.
(b) A request for dissolution shall include a certified financial statement and an auditor's opinion that all bonds have been paid in full.
(c) The RUD shall file any additional information requested by the commission.
(d) In considering the dissolution of a RUD, the commission will consider all relevant factors. At a minimum, the commission will consider the needs of the traveling public, the rights of third parties, and the interests of local political subdivisions, including those who do not fall under the definition of governmental entity in this subchapter.
Source Note: The provisions of this §15.136 adopted to be effective February 20, 2002, 27 TexReg 1183