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Tex. Special District Local Laws Code § 8510.0508

COMPENSATION RATES

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 8510.0508, COMPENSATION RATES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/618907
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(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.