Tex. Nat. Res. Code § 111.183 · Subchapter F. RATES
BASIS FOR RATE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The basis of the rates shall be an amount that will provide a fair return on the aggregate value of the property of a common carrier used and useful in the services performed after providing reasonable allowance for depreciation and other factors and for reasonable operating expenses under honest, efficient, and economical management.
Notes and commentary — not statutory text
History
Acts 1977, 65th Leg., p. 2588, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.111.htm
- Text hash
- sha256 f41e4efea78f150fb60ead9705045bb05b8ec755f0eb3120bb525ff942a59a0d
- 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.