Sec. 6905.260. CHARGES FOR DISTRICT SERVICES. (a) If bonds payable wholly from revenue are issued, the board shall set and revise the rates of compensation for water sold and services provided by the district. The rates must be sufficient to:
(1) pay the expense of operating and maintaining district facilities;
(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.
(b) If bonds payable partly from revenue are issued, the board shall set and revise the rate of compensation for water sold and any other services provided by the district. The rate must be in an amount sufficient to ensure compliance with the resolution authorizing the bonds or the trust indenture securing the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle B - Fresh Water Supply Districts
Chapter 6905 - Beeville Water Supply District
Section 6905.251. Authority to Issue Bonds
Section 6905.252. Form of Bonds
Section 6905.254. Election for Bonds Payable From Ad Valorem Taxes
Section 6905.255. Bonds Secured by Revenue; Additional Bonds
Section 6905.256. Bonds Payable From Ad Valorem Taxes
Section 6905.257. Additional Security
Section 6905.258. Trust Indenture
Section 6905.259. Deannexation of District Territory After Issuance of Bonds
Section 6905.260. Charges for District Services
Section 6905.261. Use of Bond Proceeds
Section 6905.262. Appointment of Receiver
Section 6905.263. Refunding Bonds