Tex. Spec. Dists. Code § 9078.0151

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 9078.0151 - Definition of Net Revenues

In this subchapter, "net revenues" or "net operating revenues" means all income or increment from the ownership and operation of improvements and facilities operated by the district, minus the amount reasonably required to provide for the administration, efficient operation, and adequate maintenance of the improvements and facilities. The terms do not include money derived from taxation.

Tex. Spec. Dist. Loc. Laws § 9078.0151

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.05, eff. 4/1/2021.