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(a) If a workforce development center authority does not have any outstanding indebtedness, the board of directors of a workforce development center authority may adopt a resolution, which shall be entered in its minutes, declaring that the workforce development center authority shall be dissolved.
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(b) The resolution dissolving the workforce development center authority shall provide for allocation of the workforce development center authority’s remaining assets among the sponsors as of the date of dissolution.
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(c) Upon the filing for record of a certified copy of the resolution with the Secretary of State, the workforce development center authority is dissolved.
