Texas Natural Resources Code 111.183 – Basis for Rate
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Terms Used In Texas Natural Resources Code 111.183
- Property: means real and personal property. See Texas Government Code 311.005
The basis of the rates shall be an amount that will provide a fair return on the aggregate value of the property of a common carrier used and useful in the services performed after providing reasonable allowance for depreciation and other factors and for reasonable operating expenses under honest, efficient, and economical management.