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Tex. Water Code § 15.320

LEASE PAYMENTS

Texas · Texas Water Code · Status: effective

Property & Real Estate
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Tex. Water Code § 15.320, LEASE PAYMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/579289
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In leasing a state facility for a term of years, the board shall require annual payments not less than the total of: (1) the annual principal and interest requirements applicable to the debt incurred by the state in acquiring the facility; and (2) the state's annual cost for operation, maintenance, and rehabilitation of the facility.