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of the municipality and this chapter, this chapter prevails. <br />(b) A payment by a municipally owned electric or gas utility <br />under a hedging contract or related agreement in relation to fuel <br />supplies or fuel reserves is a fuel expense, and the utility may <br />credit any amounts it receives under the contract or agreement <br />against fuel expenses. <br />(c) The governing body of a municipally owned electric or <br />gas utility or the body vested with power to manage and operate the <br />municipally owned electric or gas utility may set policy regarding <br />hedging transactions. <br />(d) In this section, "hedging" means the buying and selling <br />of fuel oil, natural gas, coal, nuclear fuel, and electric energy <br />futures or options or similar contracts on those commodities and <br />related transportation costs as a protection against loss due to <br />price fluctuation. <br />Added by Acts 1999, 76th Leg., ch. 405, Sec. 48, eff. Sept. 1, 1999. <br />Amended by: <br />Acts 2007, 80th Leg., R.S., Ch. 7, Sec. 1, eff. April 13, <br />2007. <br />Sec. 2256.0205. AUTHORIZED INVESTMENTS; DECOMMISSIONING <br />TRUST. (a) In this section: <br />(1) "Decommissioning trust" means a trust created to <br />provide the Nuclear Regulatory Commission assurance that funds will <br />be available for decommissioning purposes as required under 10 <br />C.F.R. Part 50 or other similar regulation. <br />(2) "Funds" includes any money held in a <br />decommissioning trust regardless of whether the money is considered <br />to be public funds under this subchapter. <br />(b) In addition to other investments authorized under this <br />subchapter, a municipality that owns a municipal electric utility <br />that is engaged in the distribution and sale of electric energy or <br />natural gas to the public may invest funds held in a decommissioning <br />trust in any investment authorized by Subtitle B, Title 9, Property <br />Code. <br />Added by Acts 2005, 79th Leg., Ch. 121, Sec. 1, eff. September 1, <br />2005. <br />24 <br />