Tex. Water Code § 15.320

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

Section 15.320 - Lease Payments

In leasing a state facility for a term of years, the board shall require annual payments not less than the total of:

(1) the annual principal and interest requirements applicable to the debt incurred by the state in acquiring the facility; and

(2) the state's annual cost for operation, maintenance, and rehabilitation of the facility.

Tex. Water Code § 15.320

Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. 11/10/1981.