Sec. 164.001. JOINT OWNERSHIP OF ELECTRIC UTILITY FACILITIES AUTHORIZED. (a) Political subdivisions may join together to finance, construct, complete, acquire, or operate electric utility facilities so that the facilities or an undivided interest in the facilities is jointly owned by the political subdivisions as cotenants or co-owners.
(b) The ownership shares in the facilities are those approved by the governing bodies of the political subdivisions, as set forth in an agreement authorized by the governing bodies.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Delivery of Utility Services
Subtitle A - Utility Corporations and Other Providers
Chapter 164 - Joint Ownership of Electric Facilities by Public Entities
Section 164.001. Joint Ownership of Electric Utility Facilities Authorized
Section 164.002. Public Purpose
Section 164.003. Approval of Agreement by Attorney General
Section 164.004. Increase in Ownership Shares
Section 164.005. Contractual Obligations as Lien on System Revenue