Texas Water Code 49.2145 – Use of Money Received Under Certain Contracts
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(a) This section applies only to a district located in:
(1) a county included in the Harris-Galveston Subsidence District; or
(2) a county included in the Fort Bend Subsidence District.
(b) A district that receives money from a municipality under the terms of a contract with the municipality, including a strategic partnership agreement authorized by § 43.0751, Local Government Code, may use the money for any purpose of the district or the municipality, unless the contract requires the district to use the money for a specified purpose. For purposes of this chapter, a district purpose includes a municipal purpose for which money is used under this section.
Terms Used In Texas Water Code 49.2145
- Contract: A legal written agreement that becomes binding when signed.
- District: means any district or authority created by authority of either Sections Texas Water Code 49.001
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.