Tex. Water Code § 49.509 · Subchapter O. EFFECT OF SUBDIVISION OF NONAGRICULTURAL LAND ON WATER RIGHTS
DUTY OF RIO GRANDE REGIONAL WATER AUTHORITY TO CALCULATE CURRENT MARKET VALUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Subsection (d), the Rio Grande Regional Water Authority annually at its January meeting shall calculate the current market value by using the average price per acre-foot of municipal use water after conversion from irrigation use water to municipal use water with a municipal priority of allocation under commission rules of the last three purchases involving:
(1) a municipal water supplier;
(2) a party other than a municipal water supplier; and
(3) at least 100 acre-feet of municipal use water, with municipal priority of allocation.
(b) The Rio Grande Regional Water Authority shall use information from the water rights sales contracts reported to the Rio Grande Watermaster's Office to calculate the current market value.
(c) The Rio Grande Regional Water Authority shall make the calculation:
(1) without charging any of the parties involved; and
(2) using 100 percent of the value of monetary exchanges, not in-kind exchanges.
(d) For purposes of this subsection, "outer boundaries of a district" means a district's boundaries without considering any exclusion of land from inside the district. The Rio Grande Regional Water Authority shall exclude from the calculation of current market value under Subsection (a) any sale between a municipal water supplier and a district if any territory inside the outer boundaries of the district is:
(1) subject to the municipal water supplier's certificate of convenience and necessity; or
(2) in the corporate limits of the municipality served by the municipal water supplier, if the municipal water supplier does not hold a certificate of convenience and necessity.
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.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 438 (H.B. 2208), Sec. 1, eff. September 1, 2009.
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 5dd3507512aa6a9a85cf4e0bb380441cd56738d216e1a7606a68793d6d86f596
- 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 1 provision
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