Sec. 63.040. RESOLUTION TO CONVERT. (a) The commission, by resolution entered in the minutes, shall declare that in its judgment it is for the best interest of the district and will benefit the land and property in the district to operate under the provisions of this chapter, permitting the district to become self-liquidating and to return the construction cost within a reasonable period by means of tolls, rents, fees, assessments, or other charges other than taxation.
(b) The commission shall designate in the resolution the sections of this chapter under which the district wishes to operate.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Section: Previous 63.033 63.034 63.035 63.036 63.037 63.038 63.039 63.040 63.041 63.042 63.043 63.044 63.081 63.082 63.083 NextLast modified: September 28, 2016