Sec. 13.515. PAYMENTS UNDER A PRIVATIZATION CONTRACT. Payments by an eligible city under a privatization contract shall, if so provided, constitute an operating expense of the eligible city's sanitary sewer system or combined waterworks and sanitary sewer system, except that any payment for purchase of the facilities is payable from a pledge and lien on the net revenues of the eligible city's sanitary sewer system or combined waterworks and sanitary sewer system.
Added by Acts 1989, 71st Leg., ch. 567, Sec. 44, eff. Sept. 1, 1989.
Section: Previous 13.452 13.453 13.454 13.455 13.501 13.502 13.503 13.5031 13.504 13.505 13.506 13.511 13.512 13.513 13.514Last modified: September 28, 2016