Tex. Spec. Dists. Code § 9601.209

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

Section 9601.209 - Charges for District Services

If bonds payable wholly from revenue are issued, the board shall set and revise the rates, fees, and charges assessed for water sold, waste collection and treatment services provided, and garbage collection services provided by the district. The rates, fees, and charges must be sufficient to:

(1) pay the expense of operating and maintaining the district facilities that generate the revenue from which the bonds may or will be paid;

(2) pay the principal of and interest on the bonds when due; and

(3) maintain the reserve fund and other funds as provided in the proceedings authorizing the issuance of bonds or the trust indenture securing the bonds.

Tex. Spec. Dist. Loc. Laws § 9601.209

Added by Acts 2009, 81st Leg., R.S., Ch. 523, Sec. 1, eff. 6/19/2009.