Sec. 152.055. LIABILITY OF CORPORATE PROPERTY FOR TAXES AND SPECIAL ASSESSMENTS. The property of a corporation created under Section 152.051 is not exempt from taxes or special assessments imposed by this state or a municipality or other political subdivision of this state.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 5 - Special Law Districts
Chapter 152 - River Authorities Engaged in Distribution and Sale of Electric Energy
Subchapter B. Nonprofit Corporation Acting on Behalf of River Authority
Section 152.051. Creation of Nonprofit Corporation
Section 152.052. Powers of Nonprofit Corporation
Section 152.053. Board of Directors
Section 152.054. Supervision by Board of Directors of River Authority
Section 152.055. Liability of Corporate Property for Taxes and Special Assessments
Section 152.056. Transfer of River Authority Assets to Corporation
Section 152.057. Application of Other Law to River Authority