Tex. Utilities Code § 251.054: EXPENSES AND LIABILITIES OF CORPORATION.
Where this section sits in the code
- UTILITIES CODE
- TITLE 5. PROVISIONS AFFECTING THE OPERATION OF UTILITY FACILITIES
- CHAPTER 251. UNDERGROUND FACILITY DAMAGE PREVENTION AND SAFETY
- SUBCHAPTER B. TEXAS UNDERGROUND FACILITY NOTIFICATION CORPORATION
(a) All expenses of the corporation shall be paid from income of the corporation.
(b) A liability created by the corporation is not a debt of this state, and the corporation may not secure a liability with funds or assets of this state.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 18.17(a), eff. Sept. 1, 1999.
Collected 2026-08-27T01:47:45Z. Source file · JSON