Sec. 1501.006. RATES FOR SERVICE. (a) The governing body of a municipality that issues bonds under this subchapter shall establish rates for sewer service in amounts sufficient to:
(1) pay:
(A) maintenance and operation expenses;
(B) the bonds as they are scheduled to mature; and
(C) interest on the bonds as it accrues; and
(2) establish and maintain any fund provided in the ordinance authorizing the bonds.
(b) Notwithstanding Subsection (a), the municipality may not, during the term of a contract for sewer service, increase the amount of the consideration for that service specified in the contract except:
(1) as the contract provides; or
(2) as the parties to the contract agree.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Subchapter A. Revenue Bonds for Certain Sewage Disposal Facilities
Section 1501.001. Applicability of Subchapter
Section 1501.002. Authority to Issue Bonds
Section 1501.003. Pledge of Revenue
Section 1501.004. Authority to Issue Additional Bonds
Section 1501.006. Rates for Service
Section 1501.007. Other Law Applicable; Election Not Required