Tex. Health & Safety Code § 362.011 · Subchapter B. OPERATION OF SYSTEM
AUTHORITY TO ACQUIRE AND TRANSFER PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An issuer may acquire, construct, and improve a system for lease or sale as provided by this chapter and may acquire real property as the issuer considers appropriate for the system.
(b) An issuer may lease its system to another person.
(c) An issuer may sell a system, by installment payments or other method of payment, to any person on conditions the issuer considers desirable.
(d) A lease or sales contract entered into under this chapter may be for the term agreed to by the parties, and must provide that it continues in effect until the bonds specified in the lease or contract, or refunding bonds issued in place of those bonds, are fully paid.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.362.htm
- Text hash
- sha256 5d3de74874b58c3bb39f2170ce7821d1f1fb7af151582b0285ef15f2d15ed563
- 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
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.