Tex. Water Code § 49.507 · Subchapter O. EFFECT OF SUBDIVISION OF NONAGRICULTURAL LAND ON WATER RIGHTS
CONTRACT TO PURCHASE PROPORTIONATE WATER RIGHTS; WATER RIGHTS SALE CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A municipal water supplier may contract to purchase the proportionate water rights described by Section 49.505.
(b) The purchase price may not exceed 68 percent of the current market value, as determined under Section 49.509, for the year that the municipal water supplier petitions the district.
(c) The contract must be in writing in a document entitled "Water Rights Sales Contract."
(d) The contract must include the purchase price for the water rights or, if the consideration for the sale is not monetary, the terms of the sale.
(e) The municipal water supplier shall file the contract with the Rio Grande watermaster not later than the 10th day after the date the contract is executed.
(f) The municipal water supplier shall pay the purchase price when the proportionate amount of water rights is made available to the municipal water supplier.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 1430 (S.B. 3), Sec. 2.24, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.49.htm
- Text hash
- sha256 acb70b3c8e972c4f7fe730405173e84d2fcf35409287dcefcd55f1eeb63d6c22
- 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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