Tex. Spec. Dists. Code § 8510.0508

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 8510.0508 - Compensation Rates

(a) The board shall set and revise the rates of compensation for:

(1) water the authority sells; and

(2) services the authority renders.

(b) The rates of compensation must be sufficient to:

(1) pay the expense of operating and maintaining the authority's facilities;

(2) pay the bonds as they mature and the interest as it accrues; and

(3) maintain the reserve and other funds as provided in the resolution authorizing the bonds.

Tex. Spec. Dist. Loc. Laws § 8510.0508

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 914,Sec. 1.03, eff. 4/1/2023.