Tex. Water Code § 16.189

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

Section 16.189 - Lease Payments

In leasing a state facility for a term of years, the board shall require payments that will recover over the lease period not less than the total of:

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

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

Tex. Water Code § 16.189

Amended By Acts 1997, 75th Leg., ch. 1010, Sec. 5.02, eff. 9/1/1997.

Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. 9/1/1977