FEES

(a) The board shall prescribe fees to be collected for: (1) the use of water; (2) a water connection; or (3) another service. (b) The board shall set the fees in amounts that are reasonable and equitable and sufficient to produce revenue adequate to pay the items described by Subsection (c). The fees may not exceed what may be reasonably necessary to fulfill the obligations imposed on the authority by this chapter. (c) The board shall pay the following items from the fees: (1) all expenses necessary to the operation and maintenance of the improvements and facilities of the authority, including: (A) the cost of the acquisition of materials and other property necessary to maintain the improvements and facilities in good condition and to operate them efficiently; (B) necessary wages and salaries of the authority; and (C) other expenses reasonably necessary to the efficient operation of the improvements and facilities; (2) the interest on any obligation issued under this chapter and payable from the revenue from the improvements and facilities; and (3) the amount required to be paid annually into the sinking fund for the payment of an obligation issued under this chapter and payable from the revenue of the improvements and facilities.