Texas § 1232.066 BOARD AUTHORITY.

Texas Statutes

§ 1232.066 — BOARD AUTHORITY.

Texas § 1232.066

Code GVGovernment Code

This text of Texas § 1232.066 (BOARD AUTHORITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1232.066 (2026).

Text

Sec. 1232.066. BOARD AUTHORITY.

(a)The board's authority under this chapter is limited to the financing of:

(1)the acquisition or construction of a building;

(2)the purchase or lease of equipment;

(3)stranded costs of a municipal power agency; or

(4)customer rate relief bonds approved by the Railroad Commission of Texas in accordance with Subchapter I , Chapter 104 , Utilities Code.

(b)The board's authority does not affect the authority of the commission or any other state agency.

(c)Buildings and equipment financed by the authority under this chapter do not become part of other property to which they may be attached or into which they may be incorporated, without regard to whether the other property is real or personal.

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Sec. 1232.066. BOARD AUTHORITY. (a) The board's authority under this chapter is limited to the financing of:
(1) the acquisition or construction of a building;
(2) the purchase or lease of equipment;
(3) stranded costs of a municipal power agency; or
(4) customer rate relief bonds approved by the Railroad Commission of Texas in accordance with Subchapter I , Chapter 104 , Utilities Code.
(b) The board's authority does not affect the authority of the commission or any other state agency.
(c) Buildings and equipment financed by the authority under this chapter do not become part of other property to which they may be attached or into which they may be incorporated, without regard to whether the other property is real or personal.

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.006(a), eff. Sept. 1, 2001. Amended by: Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520 ), Sec. 2, eff. June 16, 2021.