Tex. Spec. Dist. Local Laws Code § 8512.0405 · Subchapter D. GENERAL FINANCIAL PROVISIONS
RATES AND OTHER CHARGES.
Not yet in force
Text of section effective on April 01, 2027
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall impose rates and other charges for the sale or use of water, water connections, power, electric energy, or other services the authority sells, provides, or supplies.
(b) The rates and other charges must be reasonable, nondiscriminatory, and sufficient to provide revenue adequate to:
(1) pay all expenses necessary to the operation, maintenance, and replacement of and the making of additions to the authority's properties and facilities;
(2) pay the principal of, the interest on, and any premium on all bonds issued under this chapter when they become due and payable;
(3) pay all sinking fund or reserve fund payments agreed to be made with respect to any of those bonds and payable out of that revenue when and as they become due and payable;
(4) fulfill the terms of any agreements made with the holders of those bonds or with any person in their behalf; and
(5) discharge all other lawful obligations of the authority when they become due.
(c) The rates and other charges may not exceed the amount that may be necessary to fulfill the obligations imposed on the authority by this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8512.htm
- Text hash
- sha256 14cec465f03221e405ffb7dc407d77e7ef6738f7a8dd524d8c7b2e16937b830f
- 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 4 provisions
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 8512.0405. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 8512.0406USE OF EXCESS REVENUE.Printed as Sections 8512.0405(b)(1)
- Tex. Spec. Dist. Local Laws Code § 8512.0502STATE PLEDGE REGARDING RIGHTS AND REMEDIES OF BONDHOLDERS.Printed as Section 8512.0405(b)
- Tex. Spec. Dist. Local Laws Code § 8512.0507RESOLUTION PROVISIONS.Printed as Section 8512.0405(b)
- Tex. Spec. Dist. Local Laws Code § 8512.0508DEFAULT PROCEDURES.Printed as Section 8512.0405(b)
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.