Sec. 11007.207. CHARGES FOR DISTRICT SERVICES. If district bonds payable wholly from revenue are issued, the board shall set and from time to time revise the rates, fees, and charges assessed for water sold and waste collection and treatment 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 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 resolution authorizing the bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11007 - West Jefferson County Municipal Water District
Section 11007.201. Authority to Issue Bonds
Section 11007.202. Form of Bonds
Section 11007.204. Bonds Secured by Revenue; Additional Bonds
Section 11007.205. Additional Security
Section 11007.206. Trust Indenture
Section 11007.207. Charges for District Services
Section 11007.208. State Pledge Regarding Rights and Remedies of Bondholders
Section 11007.209. Use of Bond Proceeds
Section 11007.210. Appointment of Receiver
Section 11007.211. Refunding Bonds
Section 11007.212. Other Remedies and Covenants