1232.066 – BOARD AUTHORITY. (a) The board's authority
Texas Government Code § 1232.066
Summary
This law defines the specific financing powers of the board, which include acquiring buildings, purchasing equipment, and addressing stranded costs. It clarifies that these powers do not interfere with the authority of other state agencies.
Board can finance building acquisition and equipment purchase.
Includes stranded costs for municipal power agencies.
Does not limit authority of the Railroad Commission or other agencies.
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In simple terms: Learn about Texas's BOARD AUTHORITY. (a) The board's authority law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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