Texas Statutes
Subchapter E. Borrowed Money or Grants
Section 8510.0508. Compensation Rates

Text of section effective on April 01, 2023
Sec. 8510.0508. COMPENSATION RATES. (a) The board shall set and revise the rates of compensation for:
(1) water the authority sells; and
(2) services the authority renders.
(b) The rates of compensation must be sufficient to:
(1) pay the expense of operating and maintaining the authority's facilities;
(2) pay the bonds as they mature and the interest as it accrues; and
(3) maintain the reserve and other funds as provided in the resolution authorizing the bonds.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.

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