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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 8512.0406: USE OF EXCESS REVENUE.

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Where this section sits in the code
  1. SPECIAL DISTRICT LOCAL LAWS CODE
  2. TITLE 6. WATER AND WASTEWATER
  3. SUBTITLE G. RIVER AUTHORITIES
  4. CHAPTER 8512. GUADALUPE-BLANCO RIVER AUTHORITY
  5. SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

Text of section effective on April 01, 2027

If the authority receives revenue in excess of that required for the purposes specified by Sections 8512.0405(b)(1), (2), (3), and (5), the board may:

(1) use the excess revenue to:

(A) establish a reasonable depreciation and emergency fund; or

(B) retire bonds issued under this chapter by purchase and cancellation or redemption; or

(2) apply the excess revenue to any corporate purpose.

Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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