Texas Special District Local Laws Code 8504.251 – Fees and Charges
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(a) The board shall prescribe fees and charges to be collected for the use of water, a water connection, or another service.
(b) The fees and charges must be reasonable and equitable and sufficient to produce revenue adequate to pay the items described by Subsection (c). The fees and charges may not exceed what may be reasonably necessary to fulfill the obligations imposed on the authority by this chapter.
Terms Used In Texas Special District Local Laws Code 8504.251
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: means real and personal property. See Texas Government Code 311.005
(c) The board shall pay the following items from the fees and charges:
(1) all expenses necessary to the operation and maintenance of the improvements and facilities of the authority, including:
(A) the cost of acquiring materials and other property necessary to maintain the improvements and facilities in good condition and to operate them efficiently;
(B) necessary wages and salaries of the authority; and
(C) other expenses reasonably necessary to the efficient operation of the improvements and facilities;
(2) the interest on any obligation issued under this chapter and payable from the revenue from the improvements and facilities; and
(3) the amount required to be paid for the payment of an obligation issued under this chapter and payable from the revenue from the improvements and facilities.
(d) If the revenue received exceeds the amount required for the purposes listed in Subsection (c), the board may pay from the excess revenue the cost of improvements and replacements not covered by Subsection (c)(1) and may establish a reasonable depreciation and emergency fund.