Texas Water Code 13.515 – Payments Under a Privatization Contract
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Water Code 13.515
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
Payments by an eligible city under a privatization contract shall, if so provided, constitute an operating expense of the eligible city’s sanitary sewer system or combined waterworks and sanitary sewer system, except that any payment for purchase of the facilities is payable from a pledge and lien on the net revenues of the eligible city’s sanitary sewer system or combined waterworks and sanitary sewer system.