Current as of April 14, 2021 | Updated by FindLaw Staff
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The reasonable costs of administering and operating and the reasonable expense of maintaining the project are a first lien against the revenue and income from the operation of a project, superior to the lien of any encumbrance on the project. From the revenue and income of a project, the municipality shall, monthly or more frequently if necessary, first deposit to the credit of the operation and maintenance account an amount sufficient to pay those expenses.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1505.068. Operating Expenses as First Lien - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1505-068/
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