HB 2351, 68th R.S.
Creating a new conservation and reclamation district to be known as the Lower Colorado River Electric and Water Authority, pursuant to and for the purposes set forth in Section 59 of Article 16 of the Constitution of the State of Texas, and to be a governmental agency, body politic and corporate, without power to mortgage or encumber any of its property or to alienate any property necessary to its business, or to levy taxes or to create any indebtedness payable out of taxes or to pledge the credit of the state; fixing the boundaries thereof, conferring thereon all powers, rights, privileges and functions conferred by general law upon districts created pursuant to said Section 59 of Article 16, except as expressly limited; transferring all properties and all obligations of the Lower Colorado River Authority to the Lower Colorado River Electric and Water Authority; conferring certain other powers thereon including the power to construct and operate dams and other structures; to control, store, preseve, use, distribute, and sell the waters of the Colorado River and its tributaries within the district and the lands of the district; to develop, generate, distribute, and sell water power and electric power and energy and steam-generated electric power and energy; to collect fees for its services; to acquire property by condemnation or otherwise; to enter into sales, purchase, repurchase, and joint ownership of property with the City of Austin; to sell electrical power to the state; to sell, lease, or otherwise dispose of certain district property to an electric cooperative, municipality, or other governmental agency or body politic and corporate of the State of Texas; to enter into agreements with regard to electric power and generating facilities in joint ownership with others and to sell any or all of such interest.
