Texas Utilities Code

§ 164.003 — APPROVAL OF AGREEMENT BY ATTORNEY GENERAL

UT § 164.003Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 164. JOINT OWNERSHIP OF ELECTRIC FACILITIES BY PUBLIC ENTITIES

Statute text

View on source

(a)An agreement between political subdivisions establishing an interest in electric utility facilities that is executed under this chapter shall be submitted to the attorney general in connection with any proceeding to finance the contractual obligation by the issuance of bonds.

(b)An agreement submitted under Subsection (a) is incontestable on approval as to legality by the attorney general.

Legislative history

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.