Texas Special District Local Laws Code - SDLL § 5018.0201. Definition

In this subchapter, “net revenue” means the gross revenue derived from the operation of the district's improvements and facilities the income of which is pledged to the payment of district bonds less the reasonable expense of maintaining and operating those improvements and facilities, including necessary repair, upkeep, and insurance expenses for those improvements and facilities. (Acts 53rd Leg., R.S., Ch. 370, Sec. 14(a) (part).)