Sec. 6906.207. CHARGES FOR DISTRICT SERVICES. If district bonds payable wholly from revenue are issued, the board shall set and revise the rates, fees, and charges assessed for water sold and waste collection and treatment services provided by the district. The rates, fees, and charges must be sufficient to:
(1) pay the expense of operating and maintaining the district facilities that generate the revenue from which the bonds will be paid;
(2) pay the principal of and interest on the bonds when due; and
(3) maintain the reserve fund and other funds as provided in the resolution authorizing the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Section: Previous 6906.154 6906.155 6906.201 6906.202 6906.203 6906.204 6906.205 6906.206 6906.207 6906.208 6906.209 6906.210 6906.211 6906.212 6906.213 NextLast modified: September 28, 2016