Texas Special District Local Laws Code Title 6, Chapter 8503 - Lower Colorado River Authority
- Texas Section 8503.001 - Creation
(a) A conservation and reclamation district to be known as the "Lower Colorado River Authority" is created. The authority is a governmental agency and a...
- Texas Section 8503.002 - Definitions
In this chapter: (1) "Authority" means the Lower Colorado River Authority. (2) "Board" means the board of directors of the authority. (2-a) "Commission" means the...
- Texas Section 8503.0021 - Application Of Sunset Act
(a) The authority is subject to review under Chapter 325, Government Code (Texas Sunset Act), but may not be abolished under that chapter. The review...
- Texas Section 8503.003 - Territory
The authority consists of the territory included within the boundaries of the counties of Blanco, Burnet, Llano, Travis, Bastrop, Fayette, Colorado, Wharton, San Saba, and...
- Texas Section 8503.004 - Powers And Duties
(a) Except as expressly limited by this chapter, the authority has all the powers, rights, privileges, and functions conferred by general law on any district...
- Texas Section 8503.005 - Limitations Of Authority
(a) The authority may not use for irrigation purposes any water under any permit or permits acquired from any other company or person unless the...
- Texas Section 8503.006 - Board Of Directors
(a) The powers, rights, privileges, and functions of the authority shall be exercised by the board. The board shall consist of 15 directors and shall...
- Texas Section 8503.007 - Officers; General Manager; Employees
(a) The governor shall designate a director as the presiding officer of the board to serve in that capacity at the pleasure of the governor....
- Texas Section 8503.008 - Disbursement Of Funds; Surety Bonds
(a) The money of the authority may be disbursed only by checks, drafts, orders, or other instruments signed by the persons authorized by the bylaws...
- Texas Section 8503.009 - Office; Records
(a) The domicile of the authority is in the city of Austin, Travis County, where the authority shall maintain its principal office in the charge...
- Texas Section 8503.010 - Conflict Of Interest
The provisions of Chapter 171, Local Government Code, apply to conflicts of interest in the award of authority contracts. Added by Acts 2003, 78th Leg.,...
- Texas Section 8503.011 - Rates And Charges
(a) The board shall establish and collect rates and other charges for the sale or use of water, water connections, power, electric energy, or other...
- Texas Section 8503.012 - Payment Of Debts
Any indebtedness, liability, or obligation of the authority for the payment of money, however entered into or incurred and whether arising from contract, implied contract,...
- Texas Section 8503.013 - Issuance Of Bonds
(a) The authority may issue bonds from time to time and for any purpose authorized by this chapter or other general law. If bonds of...
- Texas Section 8503.014 - Default Procedures
(a) A resolution authorizing the issuance of bonds and any indenture or agreement entered into under the resolution may include provisions regarding a default on:...
- Texas Section 8503.015 - Audits
(a) The authority is subject to the audit provisions of Subchapter G, Chapter 49, Water Code. (b) The authority is subject to the audit provisions...
- Texas Section 8503.016 - Authority As Conservation And Reclamation District
(a) The authority shall manage and use its facilities, the water impounded by its dams on the Colorado River or its tributaries, and any available...
- Texas Section 8503.017 - Bonds As Negotiable Instruments
Bonds issued by the authority under this chapter or other general law are negotiable instruments under the laws of this state. Added by Acts 2003,...
- Texas Section 8503.018 - Additional Powers Relating To Contracts, Rules, And Regulations
The authority may, but without intending by this provision to limit any powers of the authority as granted to it by this chapter or other...
- Texas Section 8503.019 - Purchase Of Bonds
The authority may, out of any funds available for the purpose, purchase bonds issued by it at a price not exceeding the redemption price applicable...
- Texas Section 8503.020 - Disposition Of Property
(a) Nothing in this chapter shall be construed as authorizing the authority, and the authority is not authorized, to mortgage or otherwise encumber any of...
- Texas Section 8503.021 - Property Agreements With City Of Austin
Nothing in this chapter prohibits the authority from owning property in conjunction with, acquiring property from, or selling property to the City of Austin, on...
- Texas Section 8503.022 - Property Useful In The Production Or Utilization Of Electric Energy
This chapter does not prohibit or restrict the sale, lease, or other disposition, to an electric cooperative, municipality, nonprofit corporation created by the authority under...
- Texas Section 8503.023 - Public Access
(a) The authority may not prevent the public use of its lands for recreational purposes and fishing except at such points where, in the opinion...
- Texas Section 8503.024 - Bonds Exempt From Taxation
All bonds and interest on the bonds issued under the provisions of this chapter are exempt from taxation, except inheritance taxes, by this state or...
- Texas Section 8503.025 - Source Of Authority
(a) This chapter, without reference to other statutory provisions, constitutes full authority for the authorization and issuance of bonds under this chapter, and no other...
- Texas Section 8503.026 - Bonds As Investments And Security For Deposits
(a) All authority bonds are legal and authorized investments for individuals, partnerships, profit and nonprofit corporations, banks, savings banks, trust companies, building and loan associations,...
- Texas Section 8503.027 - Construction
(a) This chapter and all of its terms and provisions shall be liberally construed to carry out the purposes set forth in this chapter. (b)...
- Texas Section 8503.028 - Authority Powers In Lampasas County
Notwithstanding any other provision of this chapter, the authority may exercise all powers within Lampasas County that it may otherwise exercise within the 10 counties...
- Texas Section 8503.029 - Additional Specific Powers
(a) Notwithstanding any other provision of this chapter, the authority: (1) may purchase, construct, acquire, own, operate, repair, improve, or extend any facility necessary or...
- Texas Section 8503.030 - Provision Of Water To Municipality Outside Colorado River Basin
(a) This section applies notwithstanding any other provision of this chapter or other law. (b) In this section and Section 8503.031: (1) "Municipality" includes a...
- Texas Section 8503.031 - Authority Of Municipality To Contract For Water
Section 8503.030 constitutes full authority for a municipality or municipally owned utility to enter into a contract with the authority under that section. The payments...
Last modified: September 28, 2016