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Texas Government Code - GOV'T § 1501.006. Rates for Service

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The governing body of a municipality that issues bonds under this subchapter shall establish rates for sewer service in amounts sufficient to:

(1) pay:

(A) maintenance and operation expenses;

(B) the bonds as they are scheduled to mature;  and

(C) interest on the bonds as it accrues;  and

(2) establish and maintain any fund provided in the ordinance authorizing the bonds.

(b) Notwithstanding Subsection (a), the municipality may not, during the term of a contract for sewer service, increase the amount of the consideration for that service specified in the contract except:

(1) as the contract provides;  or

(2) as the parties to the contract agree.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1501.006. Rates for Service - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1501-006/

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