Section 11-75-9 Dissolution of Authority.

At any time when a regional law enforcement training facility authority has no bonds or other obligations outstanding, its board may by affirmative vote of a majority of its members, and with the prior approval of the municipal council of each municipality participating in the authority, adopt a resolution declaring its intent that the authority shall be dissolved. Written notice of intent to dissolve shall be immediately delivered to the municipal council of each municipality participating in the authority. Dissolution shall not take place less than 60 days following the written notice. At the expiration of 60 days and upon the filing for record of a certified copy of the dissolution resolution in the office of the judge of probate of the municipality in which the authority’s certificate of incorporation was filed, the authority shall stand dissolved and, if the authority owned any property at the time of its dissolution, the title to all its property shall pass to and be divided and apportioned among the municipalities included in the authority.