Tex. Spec. Dists. Code § 5004.201
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In this subchapter, "net revenue" means the gross revenue derived from the operation of the improvements and facilities of the district the income of which is pledged to the payment of district bonds less the reasonable expense of maintaining and operating those improvements and facilities, including necessary repair, upkeep, and insurance expenses for those improvements and facilities.
Tex. Spec. Dist. Loc. Laws § 5004.201