Court Opinions

State Laws

US Code

US Constitution

Texas Utilities Code - Section 163.013. General Rights, Powers, And Duties Of Entities

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 163.013. General Rights, Powers, And Duties Of Entities

§ 163.013. GENERAL RIGHTS, POWERS, AND DUTIES OF 
ENTITIES.  (a) A participating entity may:
		(1)  use its means and assets to plan, acquire, 
construct, own, operate, and maintain its interest in an electric 
facility;
		(2)  issue bonds and other securities to raise money 
for a purpose described by Subdivision (1) in the same manner and to 
the same extent and subject to the same conditions as would be 
applicable if the entity had sole ownership of the electric 
facility;
		(3)  acquire, for the use and benefit of each 
participating entity, land, easements, and property for an electric 
facility by purchase or by exercising the power of eminent domain;  
and
		(4)  transfer or otherwise convey the acquired land, 
property, or property interest or otherwise cause the land, 
property, or interest to become vested in other participating 
entities to the extent to which and in the manner in which the 
participating entities agree.
	(b)  Each participating entity is a cotenant or co-owner of 
the electric facility and in relation to the entity's undivided 
interest in the facility has each right, privilege, exemption, 
power, duty, and liability the entity would have had if the entity 
had sole ownership.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007