Public-domain · open source
OpenJurist

Tex. Util. Code § 40.104

TAX-EXEMPT STATUS

Known as the Public Utility Regulatory Act

The act spans §§ 11–66 (1,170 sections).

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

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