Sec. 13.515. PAYMENTS UNDER A PRIVATIZATION CONTRACT. Payments by an eligible city under a privatization contract shall, if so provided, constitute an operating expense of the eligible city's sanitary sewer system or combined waterworks and sanitary sewer system, except that any payment for purchase of the facilities is payable from a pledge and lien on the net revenues of the eligible city's sanitary sewer system or combined waterworks and sanitary sewer system.
Added by Acts 1989, 71st Leg., ch. 567, Sec. 44, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 2 - Water Administration
Chapter 13 - Water Rates and Services
Subchapter N. Privatization Contracts
Section 13.512. Authority to Enter Into Privatization Contracts
Section 13.514. Term and Provisions of a Privatization Contract
Section 13.515. Payments Under a Privatization Contract