Tex. Water Code § 62.120 · Subchapter D. POWERS AND DUTIES
CONTRACT FOR AND LEASE OF WATER SYSTEM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A district may enter into operating contracts and leases with cities and other governmental subdivisions for the operation of the portions of the district's water system which are designated by the board or the commission.
(b) To the extent that the proceeds of revenue bonds were used to acquire the portion leased, the annual payments paid by the lessee to the district shall be in a sum which is sufficient to permit the district to pay the proportionate part of the principal, interest, reserves, and other requirements provided by the bond proceedings on any revenue bonds which were issued to acquire the leased properties.
(c) Bonds issued to acquire, improve, enlarge, or extend leased properties may mature serially or otherwise not more than 50 years from their date of issue.
Notes and commentary — not statutory text
History
Added by Acts 1971, 62nd Leg., p. 1625, ch. 452, Sec. 2, eff. May 26, 1971.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 1106 (S.B. 1500), Sec. 5, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.62.htm
- Text hash
- sha256 968894c43b4ffb143c7414736d69fef977ee246e7a9dba4e7e6b68e03862a123
- 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.