Texas § SD.8510.0405 - ASSET MANAGEMENT PLAN
Full text of Texas The Texas Constitution § SD.8510.0405 — ASSET MANAGEMENT PLAN, with citation guidance and answers to common questions.
§ SD.8510.0405. ASSET MANAGEMENT PLAN
ASSET MANAGEMENT PLAN. (a) In this section, "system" means a system for the: (1) provision of water to the public for human consumption; or (2) collection and treatment of wastewater. (b) The authority shall adopt an asset management plan by: (1) preparing an asset inventory that identifies the assets of each system and the condition of the assets; (2) developing criteria to prioritize assets for repair or replacement, including: (A) the date by which the asset will need to be repaired or replaced; (B) the importance of the asset in providing safe drinking water and complying with regulatory standards; (C) the importance of the asset to the effective operation of the system; and (D) other criteria as determined by the authority; (3) estimating asset repair and replacement costs; (4) identifying and evaluating potential financing options; and (5) prioritizing systems that are not in compliance with federal or state regulatory standards, including water quality standards. (c) The authority shall review and revise the plan as necessary to account for regulatory changes and other developments. (d) The board shall approve the plan annually as part of its budgeting process. Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530 ), Sec. 1.03, eff. April 1, 2023.
Frequently Asked Questions About Texas § SD.8510.0405
What does The Texas Constitution § SD.8510.0405 cover?
Section SD.8510.0405 ("ASSET MANAGEMENT PLAN") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.8510.0405?
A common citation format is "The Texas Constitution § SD.8510.0405" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.8510.0405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.