Texas Local Government Code 303.007 – Natural Gas as Public Facility
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Terms Used In Texas Local Government Code 303.007
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Natural gas purchased by a corporation for resale to a local government under an interlocal cooperation contract described by § 791.025, Government Code, between the sponsor and the local government is considered a public facility for the purposes of this chapter.