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2025 Texas Statutes
Water Code
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 15 - Texas Water Assistance Program
Subchapter E. Storage Acquisition Program
Section 15.320. Lease Payments
Universal Citation:
TX Water Code § 15.320 (2025)
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Sec. 15.320. LEASE PAYMENTS. In leasing a state facility for a term of years, the board shall require annual payments not less than the total of:
(1) the annual principal and interest requirements applicable to the debt incurred by the state in acquiring the facility; and
(2) the state's annual cost for operation, maintenance, and rehabilitation of the facility.
Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.
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