Texas Water Code

§ 16.189 — LEASE PAYMENTS

WA § 16.189Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 16. PROVISIONS GENERALLY APPLICABLE TO WATER DEVELOPMENT · Art. F. SALE OR LEASE OF FACILITIES

Statute text

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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.

Legislative history

Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977; Acts 1997, 75th Leg., ch. 1010, Sec. 5.02, eff. Sept. 1, 1997.