Texas Water Code 16.198 – Lease Contributions Equivalent to Taxes
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Terms Used In Texas Water Code 16.198
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The lease may provide for contribution by the lessee to units of local government of amounts equivalent to ad valorem taxes or special assessments.