Sec. 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.
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.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 16 - Provisions Generally Applicable to Water Development
Subchapter F. Sale or Lease of Facilities
Section 16.181. Board May Sell or Lease Projects
Section 16.182. Permits Required
Section 16.183. Permit: Paramount Consideration of Commission
Section 16.184. Contract Must Be Negotiated
Section 16.185. Reservoir Land
Section 16.187. Price of Sale: Facilities Acquired Under Contracts With the United States
Section 16.1871. Acquisition Date
Section 16.189. Lease Payments
Section 16.190. Sale or Lease: Condition Precedent
Section 16.191. Disposition of Proceeds
Section 16.192. Sale of Stored Water
Section 16.194. Sale Contract: Provisions, Limitations
Section 16.195. Emergency Releases of Water