Utilities Code › Title 2 › Chapter 40 › Subchapter C

Texas Utilities Code § 40.104

Tax-Exempt Status

Competition for Municipally Owned Utilities and River Authorities · Rights Not Affected

Nothing in this subtitle may impair the tax-exempt status of municipalities, electric cooperatives, or river authorities, nor shall anything in this subtitle compel any municipality, electric cooperative, or river authority to use its facilities in a manner that violates any contractual provisions, bond covenants, or other restrictions applicable to facilities financed by tax-exempt debt. Notwithstanding any other provision of law, the decision to participate in customer choice by the adoption of a resolution in accordance with Section 40.051(b) is irrevocable.

Official text of the Texas Utilities Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.

This section refers to

§ 40.051