Tex. Local Government Code § 552.121
APPLICABILITY OF SUBCHAPTER
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 552.121, APPLICABILITY OF SUBCHAPTER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694338
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Full text
This subchapter applies only to a home-rule municipality that owns an electric utility system, that by ordinance or charter elects to have the management and control of the utility system governed by a board of trustees, and that:
(1) has outstanding obligations payable in whole or in part from and secured by a lien on and pledge of the net revenue of the system; or
(2) issues obligations that:
(A) are payable in whole or in part from and secured by a lien on and pledge of the net revenue of the system; and
(B) are approved by the attorney general.