Sec. 1232.066. 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; or
(3) stranded costs of a municipal power agency.
(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.
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