Public-domain · open source
OpenJurist

Tex. Loc. Gov't Code § 399.012

DIRECT ACQUISITION BY OWNER

Known as the Property Assessed Clean Energy Act

The act spans §§ 399.001 to 399.019 (19 sections).

Added by Acts 2013, 83rd Leg., R.S., Ch. 416 (S.B. 385), Sec. 1, eff

The proposed arrangements for financing a qualified project may authorize the property owner to:

(1) purchase directly the related equipment and materials for the installation or modification of a qualified improvement; and

(2) contract directly, including through lease, power purchase agreement, or other service contract, for the installation or modification of a qualified improvement.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.