Gavvy: Water Code, Sec. 152.252. Authority to Enter Into Hedging Contract.

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Sec. 152.252. Authority to Enter Into Hedging Contract.

Sec. 152.252. AUTHORITY TO ENTER INTO HEDGING CONTRACT. (a) A river authority or a corporation created under Section 152.051 may enter into a hedging contract and related security and insurance agreements.

(b) A hedging transaction must comply with the regulations of the Commodity Futures Trading Commission and the Securities and Exchange Commission.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.

Gavvy last updated this database on: Sep 6, 2024