Tex. Water Code § 152.203 · Subchapter E. DEBT OBLIGATIONS OF RIVER AUTHORITY
INDEPENDENT APPRAISAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before a river authority may acquire property under Section 152.202(2) through the exchange of revenue bonds, notes, or other obligations, the authority must obtain a written appraisal of the property by an independent appraiser certifying that the property has a value equal to or greater than the par value of the bonds, notes, or other obligations.
(b) The river authority shall:
(1) maintain the appraisal on file as a public record; and
(2) file a copy of the appraisal with the Texas Commission on Environmental Quality.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 785, Sec. 55, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.152.htm
- Text hash
- sha256 b48c709f79f241d5533d9ecc84007f8de8c2b1f6d4107fe1f02c566f13b130b0
- 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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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.