This law allows the board of directors of a river authority to transfer its electric generation assets to a corporation. It provides flexibility in how these assets can be sold, leased, or loaned, impacting the management and operation of electric generation facilities.
Enables transfer of electric generation assets by river authorities.
Allows various methods of transfer: sale, lease, or loan.
Applies to all or substantially all electric generation property.
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In simple terms: Learn about Texas's TRANSFER OF RIVER AUTHORITY ASSETS TO 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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