Texas Utilities Code - Section 164.001. Joint Ownership Of Electric Utility Facilities Authorized
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Texas Laws > Utilities Code > Texas Utilities Code - Section 164.001. Joint Ownership Of Electric Utility Facilities Authorized
Section: 163.068 163.101 163.102 163.121 163.122 163.123 163.124 164.001 164.002 164.003 164.004 164.005 164.006 181.001 181.002
§ 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, § 1, eff. Sept. 1, 1997.
Last modified: August 11, 2007