Texas HB4972 amends the state's laws to prohibit municipalities from transferring revenue from municipal utilities to the general fund.
Texas HB4972 amends the Government Code and Local Government Code to prohibit municipalities from transferring revenue from municipal utilities to the general fund. The bill specifies that municipal utilities include those owned, operated, or controlled by a municipality or a nonprofit corporation whose directors are appointed by one or more municipalities. The prohibition takes effect September 1, 2025.
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