Sec. 58.352. MAINTENANCE FUND. (a) The district shall have a maintenance fund which shall include money collected by assessment or other method for the maintenance, repair, and operation of the properties and plant of the district or for temporary annual rental due to the United States.
(b) The maintenance fund shall be used to pay all expenses of maintenance, repair, and operation of the district except the expenses of assessing and collecting taxes for the interest and sinking fund shall be paid from the interest and sinking fund.
(c) The district may pay from the maintenance fund other expenses for which the payment is not provided in this chapter.
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.Section: Previous 58.315 58.316 58.318 58.319 58.320 58.321 58.351 58.352 58.353 58.391 58.392 58.393 58.394 58.395 58.396 Next
Last modified: September 28, 2016