GroundRules
Tex. Water Code § 152.056: TRANSFER OF RIVER AUTHORITY ASSETS TO CORPORATION.
Where this section sits in the code
- WATER CODE
- TITLE 5. SPECIAL LAW DISTRICTS
- CHAPTER 152. RIVER AUTHORITIES ENGAGED IN DISTRIBUTION AND SALE OF ELECTRIC ENERGY
- SUBCHAPTER B. NONPROFIT CORPORATION ACTING ON BEHALF OF RIVER AUTHORITY
Notwithstanding any other law, the board of directors of a river authority may sell, lease, loan, or otherwise transfer some, all, or substantially all of the electric generation property of the river authority to a corporation created under Section 152.051. The property transfer must be made under terms approved by the board of directors of the river authority.
Added by Acts 1999, 76th Leg., ch. 1064, Sec. 26, eff. Sept. 1, 1999.
Collected 2026-08-27T01:47:48Z. Source file · JSON