Tex. Water Code § 15.320 · Subchapter E. STORAGE ACQUISITION PROGRAM

LEASE PAYMENTS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

In leasing a state facility for a term of years, the board shall require annual payments not less than the total of:

(1) the annual principal and interest requirements applicable to the debt incurred by the state in acquiring the facility; and

(2) the state's annual cost for operation, maintenance, and rehabilitation of the facility.

Notes and commentary — not statutory text

History

Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/WA/htm/WA.15.htm
Text hash: sha256 2882af5996b1a162ea931e5fbdb7e5e35ee46554439d21737d243135f976e9c6
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.