Texas HB3643 amends the Transportation Code to regulate the withdrawal of a unit of election from certain metropolitan rapid transit authorities and.

Texas HB3643 amends the Transportation Code to set rules for the withdrawal of a unit of election from certain metropolitan rapid transit authorities. It prohibits an election to withdraw from being held before the second anniversary of the previous election. The bill also modifies the calculation of the net financial obligation of a withdrawn unit of election. For units with a population of two percent or less of the total authority population, the net financial obligation is the fair market value of the authority's property remaining in the unit.

Texas HB3643 amends the Transportation Code to regulate the withdrawal of a unit of election from certain metropolitan rapid transit authorities and.

Texas HB3643 amends the Transportation Code to set rules for the withdrawal of a unit of election from certain metropolitan rapid transit authorities. It prohibits an election to withdraw from being held before the second anniversary of the previous election. The bill also modifies the calculation of the net financial obligation of a withdrawn unit of election. For units with a population of two percent or less of the total authority population, the net financial obligation is the fair market value of the authority's property remaining in the unit.