Texas § GV.1232.066 - BOARD AUTHORITY
Full text of Texas The Texas Constitution § GV.1232.066 — BOARD AUTHORITY, with citation guidance and answers to common questions.
§ GV.1232.066. BOARD AUTHORITY
BOARD AUTHORITY. (a) The board's authority under this chapter is limited to the financing of: (1) the acquisition or construction of a building; (2) the purchase or lease of equipment; (3) stranded costs of a municipal power agency; or (4) customer rate relief bonds approved by the Railroad Commission of Texas in accordance with Subchapter I , Chapter 104 , Utilities Code. (b) The board's authority does not affect the authority of the commission or any other state agency. (c) Buildings and equipment financed by the authority under this chapter do not become part of other property to which they may be attached or into which they may be incorporated, without regard to whether the other property is real or personal. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.006(a), eff. Sept. 1, 2001. Amended by: Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520 ), Sec. 2, eff. June 16, 2021.
Frequently Asked Questions About Texas § GV.1232.066
What does The Texas Constitution § GV.1232.066 cover?
Section GV.1232.066 ("BOARD AUTHORITY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1232.066?
A common citation format is "The Texas Constitution § GV.1232.066" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1232.066 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.