Sec. 362.018. COST OF CERTAIN REQUIRED ALTERATIONS. The relocation, raising, lowering, rerouting, changing of grade, or altering of construction of a highway, railroad, electric transmission line, telegraph or telephone property or facility, or pipeline made necessary by the actions of an issuer shall be accomplished at the sole expense of the issuer, who shall pay the cost of the required activity as necessary to provide comparable replacement, minus the net salvage value of any replaced facility. The issuer shall pay that amount from the proceeds of bonds issued to finance a system.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subtitle B - Solid Waste, Toxic Chemicals, Sewage, Litter, and Water
Chapter 362 - Solid Waste Resource Recovery Financing Act
Subchapter B. Operation of System
Section 362.011. Authority to Acquire and Transfer Property
Section 362.012. Location of System
Section 362.013. Contract Terms and Procedures
Section 362.014. Public Agency Contract
Section 362.015. Payment of Contract From Sources Other Than Taxes
Section 362.016. Payment of Contract From Taxes
Section 362.017. Industrial Development Corporation