Texas Water Code Title 5, Chapter 152 - River Authorities Engaged In Distribution And Sale Of Electric Energy
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 152.001 - Applicability
(a) This chapter applies only to a river authority that, directly or through a corporation created under Section 152.051, is engaged in the distribution and...
SUBCHAPTER B NONPROFIT CORPORATION ACTING ON BEHALF OF RIVER AUTHORITY
- Texas Section 152.002 - Application Of Other Law
(a) Unless this chapter expressly provides otherwise, a law that limits, restricts, or imposes an additional requirement on a matter authorized by this chapter does...
- Texas Section 152.051 - Creation Of Nonprofit Corporation
(a) The board of directors of a river authority by order may create one or more nonprofit corporations to act on behalf of the river...
- Texas Section 152.052 - Powers Of Nonprofit Corporation
(a) A corporation created under Section 152.051 may exercise any power of the creating river authority except a power relating to solid waste management activities...
- Texas Section 152.053 - Board Of Directors
(a) The board of directors of the river authority shall appoint the directors of a corporation created under Section 152.051. (b) A member of the...
- Texas Section 152.054 - Supervision By Board Of Directors Of River Authority
(a) The budget of a corporation created under Section 152.051 must be approved by the board of directors of the river authority. (b) The activities...
- Texas Section 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...
- Texas Section 152.056 - Transfer Of River Authority Assets To Corporation
Notwithstanding any other law, the board of directors of a river authority may sell, lease, loan, or otherwise transfer some, all, or substantially all of...
- Texas Section 152.057 - Application Of Other Law To River Authority
Reference in any other law to a river authority that is engaged in the distribution and sale of electric energy to the public includes a...
SUBCHAPTER C ENERGY OR WATER CONSERVATION PROGRAMS
- Texas Section 152.058 - Guarantee And Other Credit Support Relating To Public Securities And Other Obligations
(a) In this section, "public security" has the meaning assigned by Section 1202.001, Government Code. (b) Under Section 52-a, Article III, Texas Constitution, a river...
- Texas Section 152.101 - Authority To Participate In Energy Or Water Conservation Program
(a) A river authority may undertake, sponsor, initiate, coordinate, or otherwise participate in a program intended to conserve electric energy or water, including a program...
- Texas Section 152.102 - Participation In Conservation Program By Person Other Than River Authority
(a) A conservation program may involve a grant or loan of money, services, or equipment to a person or entity other than the river authority...
SUBCHAPTER D ECONOMIC DEVELOPMENT PROGRAMS
- Texas Section 152.103 - Public Purpose And Governmental Function
Each conservation program is a public purpose and governmental function of a river authority to conserve the natural resources of this state, including the air...
- Texas Section 152.151 - Definition
In this subchapter, "economic development program": (1) includes a program designed to: (A) encourage economic diversification; (B) contribute to the health and development of a...
- Texas Section 152.152 - Applicability
This subchapter applies only to a river authority that generates at least an annual average of 55 million kilowatt hours of electric energy. Added by...
- Texas Section 152.153 - Authority For Economic Development Program
(a) A river authority may sponsor and participate in an economic development program intended to strengthen the economic base and further the economic development of...
- Texas Section 152.154 - Program Area
An economic development program must be within: (1) the territorial boundaries of the sponsoring or participating river authority; or (2) the river authority's electric or...
- Texas Section 152.155 - Establishment Of Program
(a) An economic development program may be established only by formal action of the board of directors of a river authority. (b) The board of...
- Texas Section 152.156 - Participation In Program By Person Other Than River Authority
An economic development program may involve the granting or lending of money, services, or property to a person engaged in an economic development activity. Added...
- Texas Section 152.157 - Staffing And Funding Of Program
(a) A river authority may employ staff and spend its resources, other than money received from an ad valorem tax or a general appropriation, to...
- Texas Section 152.158 - Agreement
A river authority and any public or private person may enter into an agreement with respect to an economic development program. Added by Acts 1999,...
- Texas Section 152.159 - Guidelines For Assistance To Public Fire-fighting Organizations
A river authority that proposes to provide scholarships, grants, loans, or financial assistance to a public fire-fighting organization shall adopt guidelines for determining: (1) eligibility...
- Texas Section 152.160 - Receipt Of Electric Service As Condition For Participation In Program
A river authority may not condition participation in or the receipt of a benefit from an economic development program on the receipt of electric service...
SUBCHAPTER E DEBT OBLIGATIONS OF RIVER AUTHORITY
- Texas Section 152.161 - Limitations On Use Of Program
(a) A river authority may not use an economic development program to: (1) promote fuel switching or the substitution of electric power for another fuel...
- Texas Section 152.201 - Authority To Issue Obligations
(a) A river authority may issue revenue bonds, notes, or other obligations for a purpose authorized by: (1) this chapter; or (2) another law, if...
- Texas Section 152.202 - Sale Or Exchange Of Obligations
Revenue bonds, notes, or other obligations issued under this subchapter may be: (1) sold for cash at a public or private sale; (2) issued on...
SUBCHAPTER F HEDGING TRANSACTIONS
- Texas Section 152.203 - Independent Appraisal
(a) Before a river authority may acquire property under Section 152.202(2) through the exchange of revenue bonds, notes, or other obligations, the authority must obtain...
- Texas Section 152.251 - Definition
In this subchapter, "hedging" means buying or selling crude oil, fuel oil, natural gas, or electric energy futures or options, or similar contracts on those...
- Texas Section 152.252 - Authority To Enter Into Hedging Contract
(a) A river authority or a corporation created under Section 152.051 may enter into a hedging contract and related security and insurance agreements. (b) A...
- Texas Section 152.253 - Payment Considered Fuel Expense
A payment by a river authority or a corporation created under Section 152.051 under a hedging contract or related agreement in relation to fuel supplies...
- Texas Section 152.254 - Investment Of Money In Hedging Transaction
(a) Except as provided by Subsection (b), the board of directors of a river authority may determine and designate the amount of money to be...
SUBCHAPTER G ELECTRIC TRANSMISSION SERVICES AND FACILITIES OF RIVER AUTHORITY
- Texas Section 152.255 - Recoverability Of Costs From Ratepayers
This subchapter does not limit the authority of the Public Utility Commission of Texas to determine the recoverability of costs from ratepayers. Added by Acts...
- Texas Section 152.301 - Electric Transmission Services And Facilities
Notwithstanding any other law, a river authority may: (1) provide transmission services, as defined by the Utilities Code or the Public Utility Commission of Texas,...
- Texas Section 152.302 - Limitation On Electric Transmission Facilities
This subchapter does not: (1) authorize a river authority to construct electric transmission facilities for an ultimate consumer of electricity to enable that consumer to...
Last modified: September 28, 2016