Untitled Texas Attorney General Opinion

Office of the Elttornep QBeneral Wate of IEexae DAN MORALES January 28.1992 ATTORNEY GENERAL Honorable Burton B. LeTulle Opinion No. DM-78 Chairman, Board of Directors Lower Colorado River Authority Re: Whether “working interests” owned P. 0. Box 220 by the Lower Colorado River Authority Austin, Texas 78767 in oil and gas wells in Fayette County are subject to ad valorem taxation (RQ-2163) Dear Mr. LcTulle: You have requested our opinion as to whether “working interests” owned by the Lower Colorado River Authority (hereinafter LCRA) in oil and gas wells in Fayette County are subject to ad…