Sec. 1501.103. AUTHORITY TO SELL ELECTRICITY OF PLANT AND SYSTEM. A municipality that acquires an electric plant and system under Section 1501.101 may:
(1) sell electricity either at retail or wholesale for distribution in New Mexico; and
(2) enter into a sales agreement for the electricity as the governing body of the municipality provides.
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