Tex. Utils. Code Section 40.104
Tax-exempt Status


Nothing in this subtitle may impair the tax-exempt status of municipalities, electric cooperatives, or river authorities, nor shall anything in this subtitle compel any municipality, electric cooperative, or river authority to use its facilities in a manner that violates any contractual provisions, bond covenants, or other restrictions applicable to facilities financed by tax-exempt debt. Notwithstanding any other provision of law, the decision to participate in customer choice by the adoption of a resolution in accordance with Section 40.051 (Governing Body Decision)(b) is irrevocable.
Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.

Source: Section 40.104 — Tax-exempt Status, https://statutes.­capitol.­texas.­gov/Docs/UT/htm/UT.­40.­htm#40.­104 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 40.104’s source at texas​.gov