Tex. Gov't Code § 1501.252 · Subchapter F. ALTERNATIVE WATER SUPPLY FINANCING PROCEDURE FOR MUNICIPALITIES WITH POPULATION OF MORE THAN 275,000
ALTERNATIVE FINANCING PROCEDURE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This subchapter does not affect the right of a municipality or a river authority to finance all of the cost of a water supply project, or any part of the cost of the project that is not payable by the municipality, by revenue bonds issued by the river authority and based on the contract described by Section 1501.251(2).
(b) The municipality and river authority may amend the contract described by Section 1501.251(2) to implement the financing procedure provided by this subchapter, including amending the contract to:
(1) define the extent of the municipality's rights in the water supply project;
(2) prescribe arrangements for auditing the funds and accounts used in the construction program; and
(3) provide procedures under which the municipality will make available to the river authority proceeds from revenue bonds issued under this subchapter, as necessary to pay construction costs, including:
(A) the cost of the municipality's intake structures and pumping and filtration equipment; and
(B) the portion of costs that, under the contract, the river authority is not required to pay by the proceeds of the authority's revenue bonds.
(c) The municipality may:
(1) issue its revenue bonds, payable from the revenues of the municipality's:
(A) waterworks system; or
(B) waterworks and sanitary sewer system, if the systems are combined in the municipality; and
(2) use the proceeds of the bonds as provided by this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1501.htm
- Text hash
- sha256 27f4a1d163f2f56e79d9054752075c609687daef81eedca41fa03b07fc8e1941
- 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
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