Tex. Codes » Local Government Code · TITLE 9. PUBLIC BUILDINGS AND GROUNDS · SUBTITLE C. PUBLIC BUILDING PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT · CHAPTER 303. PUBLIC FACILITY CORPORATIONS
Texas Codes

Tex. Loc. Gov't Code § 303.002 (2026)

Purpose; Construction

✓ current as of May 2026
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Sec. 303.002. PURPOSE; CONSTRUCTION. (a) The purpose of this chapter is to authorize the creation and use of public facility corporations with the broadest possible powers to finance or to provide for the acquisition, construction, rehabilitation, renovation, repair, equipping, furnishing, and placement in service of public facilities in an orderly, planned manner and at the lowest possible borrowing costs.

(b) The legislature intends that a corporation created under this chapter be a public corporation, constituted authority, and instrumentality authorized to issue bonds on behalf of its sponsor for the purposes of Section 103, Internal Revenue Code of 1986 (26 U.S.C. Section 103). This chapter and the rules and rulings issued under this chapter shall be construed according to this intent.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.

Notes of Decisions
Cited in 2 cases, 2001–2018 · leading case: Orion Real Est. & Woodhill Pub. Facility Corp. v. Sarro, 559 S.W.3d 599 (Tex. App. 2018).
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Orion Real Est. & Woodhill Pub. Facility Corp. v. Sarro, 559 S.W.3d 599 (Tex. App. 2018). · cites it 2× “" TEX. LOC. GOV'T CODE § 303.002. The legislature intended PFCs created under the Act to be public nonprofit corporations, "engaged exclusively in performance of charitable functions.”
Steering Committees for the Cities Served by TXU Elec. & Cent. Power & Light Co. v. Pub. Util. Comm'n & TXU Energy Servs. Co. (Tex. App. 2001). · cites it 2× “See Tex. Loc. Gov't Code Ann. § 303.002 . That section, entitled Aggregation by Political Subdivisions for Citizens, states in relevant part: (a) A political subdivision aggregator may negotiate for the purchase of electricity and energy services on behalf of the citizens of the…”
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