Sec. 1501.101. AUTHORITY TO ACQUIRE AND OPERATE TEXAS-NEW MEXICO ELECTRIC PLANT AND SYSTEM. A municipality that receives electricity from a privately owned electric plant and system, part of which is located in New Mexico, including a facility for the generation or transmission of electricity distributed in part to residents of the municipality, may acquire, own, and operate all or any part of that electric plant and system.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Subchapter C. Revenue Bonds to Finance Certain Texas-New Mexico Electric Properties
Section 1501.101. Authority to Acquire and Operate Texas-New Mexico Electric Plant and System
Section 1501.102. Authority to Issue Revenue Bonds
Section 1501.103. Authority to Sell Electricity of Plant and System