Tex. Gov't Code § 1373.008 · Chapter 1373. OBLIGATIONS FOR WATER PROJECTS
MATURITY OR TERM OF OBLIGATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The maximum maturity or term of an obligation issued or incurred pursuant to this chapter may not exceed the lesser of:
(1) the reasonably expected weighted average useful life of the eligible project as certified by a licensed professional engineer selected by the issuer; or
(2) 50 years from the date of issuance or incurrence of the obligation.
(b) The determination of reasonably expected weighted average useful life of an eligible project made under Subsection (a) may not be contested for any reason.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 494 (S.B. 1261), Sec. 1, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1373.htm
- Text hash
- sha256 ffaf6bf00d3bc311d27879607cc97c3de198d291484fd7f838f2e4cd463c193b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 1373.008. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.