Texas § WA.62.120 - CONTRACT FOR AND LEASE OF WATER SYSTEM
Full text of Texas The Texas Constitution § WA.62.120 — CONTRACT FOR AND LEASE OF WATER SYSTEM, with citation guidance and answers to common questions.
§ WA.62.120. CONTRACT FOR AND LEASE OF WATER SYSTEM
CONTRACT FOR AND LEASE OF WATER SYSTEM. (a) A district may enter into operating contracts and leases with cities and other governmental subdivisions for the operation of the portions of the district's water system which are designated by the board or the commission. (b) To the extent that the proceeds of revenue bonds were used to acquire the portion leased, the annual payments paid by the lessee to the district shall be in a sum which is sufficient to permit the district to pay the proportionate part of the principal, interest, reserves, and other requirements provided by the bond proceedings on any revenue bonds which were issued to acquire the leased properties. (c) Bonds issued to acquire, improve, enlarge, or extend leased properties may mature serially or otherwise not more than 50 years from their date of issue. Added by Acts 1971, 62nd Leg., p. 1625, ch. 452, Sec. 2, eff. May 26, 1971. Amended by: Acts 2023, 88th Leg., R.S., Ch. 1106 (S.B. 1500 ), Sec. 5, eff. June 18, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.62.120
What does The Texas Constitution § WA.62.120 cover?
Section WA.62.120 ("CONTRACT FOR AND LEASE OF WATER SYSTEM") 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.62.120?
A common citation format is "The Texas Constitution § WA.62.120" (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.62.120 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.