Tex. Gov't Code § 1505.068

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1505.068 - Operating Expenses As First Lien

The reasonable costs of administering and operating and the reasonable expense of maintaining the project are a first lien against the revenue and income from the operation of a project, superior to the lien of any encumbrance on the project. From the revenue and income of a project, the municipality shall, monthly or more frequently if necessary, first deposit to the credit of the operation and maintenance account an amount sufficient to pay those expenses.

Tex. Gov't. Code § 1505.068

Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.025(a), eff. 9/1/2001.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.