Tex. Gov't Code § 1232.066 · Subchapter B. TEXAS PUBLIC FINANCE AUTHORITY
BOARD AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
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.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1232.htm
- Text hash
- sha256 06b4f33b3180a1ff1a652bb002de7de8d4482656f344ef7420a9e07ea356b4b1
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.