Tex. Util. Code § 41.104

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 41.104 - Tax-Exempt Status

Nothing in this subtitle may impair the tax-exempt status of electric cooperatives, nor shall anything in this subtitle compel any electric cooperative to use its facilities in a manner that violates any contractual provisions, bond covenants, or other restrictions applicable to facilities financed by tax-exempt or federally insured or guaranteed debt.

Tex. Util. Code § 41.104

Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.