Tex. Water Code § 58.174

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 58.174 - Authority to Acquire Irrigation System Subject to Mortgage

A district may acquire by gift, grant, or purchase any part of an irrigation system serving the district which is subject to a mortgage or encumbrance. The mortgage or encumbrances shall not be assumed by the district and shall not be an indebtedness of the district but shall constitute solely a charge on the encumbered property and the revenue from it.

Tex. Water Code § 58.174

Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. 8/29/1977.