Texas § WA.49.507 - CONTRACT TO PURCHASE PROPORTIONATE WATER RIGHTS
Full text of Texas The Texas Constitution § WA.49.507 — CONTRACT TO PURCHASE PROPORTIONATE WATER RIGHTS, with citation guidance and answers to common questions.
§ WA.49.507. CONTRACT TO PURCHASE PROPORTIONATE WATER RIGHTS
CONTRACT TO PURCHASE PROPORTIONATE WATER RIGHTS; WATER RIGHTS SALE CONTRACT. (a) A municipal water supplier may contract to purchase the proportionate water rights described by Section 49.505 . (b) The purchase price may not exceed 68 percent of the current market value, as determined under Section 49.509 , for the year that the municipal water supplier petitions the district. (c) The contract must be in writing in a document entitled "Water Rights Sales Contract." (d) The contract must include the purchase price for the water rights or, if the consideration for the sale is not monetary, the terms of the sale. (e) The municipal water supplier shall file the contract with the Rio Grande watermaster not later than the 10th day after the date the contract is executed. (f) The municipal water supplier shall pay the purchase price when the proportionate amount of water rights is made available to the municipal water supplier. Added by Acts 2007, 80th Leg., R.S., Ch. 1430 (S.B. 3 ), Sec. 2.24, eff. September 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.49.507
What does The Texas Constitution § WA.49.507 cover?
Section WA.49.507 ("CONTRACT TO PURCHASE PROPORTIONATE WATER RIGHTS") 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 § WA.49.507?
A common citation format is "The Texas Constitution § WA.49.507" (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 § WA.49.507 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.