Tex. Water Code Section 61.162
Lease and Rental of Facilities

A district may acquire and take over, by lease or rental agreements, for a period of not less than 25 years, the docks, wharves, buildings, railroads, land, improvements, and other facilities already provided, constructed, or owned by any incorporated municipality situated within the district only with the consent of the lawful authorities of the municipality and on terms mutually agreed on by the district and the municipality.

(1)

No agreement for the use, acquisition, or operation of the property or facilities of the municipality by the district shall be for a lease or rental value which is more than the annual net revenue derived or to be derived by the district after payment of the expenses of operation and maintenance of the property and facilities.

(2)

The district shall have no supervision or control over the property or facilities owned, controlled, or constructed by the municipality until agreement for the lease and rental of the property by the district has been made.

(3)

A district that is leasing land or facilities from a municipality may purchase or acquire the property in the manner provided in this subchapter.

(4)

The commission and the officials of the municipality shall be authorized to enter into an agreement stating the land and facilities to be acquired, the amount agreed on as the purchase price, and the terms of the sale.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.

Source: Section 61.162 — Lease and Rental of Facilities, https://statutes.­capitol.­texas.­gov/Docs/WA/htm/WA.­61.­htm#61.­162 (accessed Jun. 5, 2024).

61.001
Definitions 61.021
Creation 61.022
Area Included in District 61.023
District May Include Road District 61.024
Petition to Create Single-county District 61.025
Petition to Create District in Two Counties 61.026
Deposit 61.027
Hearing 61.028
Notice of Hearing 61.029
Hearing by Board 61.030
Conduct of Hearing 61.031
Findings 61.032
Providing Funds for Proposed Improvements 61.033
Election Order 61.034
Elections 61.035
Ballots 61.036
Declaration of Result 61.071
Appointment of Commissioners 61.072
Organization: Quorum 61.073
Qualifications 61.074
Term of Office, Removal, and Succession 61.075
Commissioner’s Oath 61.076
Commissioner’s Bond 61.077
Commissioners’ Compensation 61.078
District Treasurer 61.079
District Treasurer’s Bond 61.080
District Treasurer’s Compensation 61.081
Duties Imposed Without Compensation 61.082
Court Actions 61.111
Purposes of District 61.112
Employees and Counsel 61.113
Authority to Go on Land 61.114
Penalty for Prohibiting Entry to Land 61.115
Acquisition of Property 61.116
Lease of State Owned Lands and Flats 61.117
Limitations on Sales and Use of State Lands and Flats 61.118
Construction Contracts 61.119
Interest in Contract of Navigation District 61.120
Laws Governing Certain Functions of District 61.151
Authority to Operate and Develop Port Facilities 61.152
Petition 61.153
Hearing: Testimony 61.154
Election Order 61.155
Ballots 61.156
Election Expense 61.157
Declaration of Results 61.158
Appointment of Commissioners 61.159
Term of Office: Removal: Succession 61.160
Qualifications 61.161
Eminent Domain 61.162
Lease and Rental of Facilities 61.163
Unimproved Land 61.164
Franchises 61.165
Franchise Election 61.166
Ballots 61.167
Election Result 61.168
Petition Protesting Franchise 61.169
Contracts 61.170
Authority to Incur Debt 61.171
Bonds 61.172
Financing Purchases 61.173
Election on the Purchase of Facilities 61.174
Employees 61.175
Powers 61.176
City Police Powers 61.211
Maintenance Fund 61.212
District Depository 61.231
Issuance of Bonds 61.232
Limitation on Bond Issue 61.233
Requisites of Bonds 61.234
Sale of Bonds 61.235
Chairman’s Bond 61.236
Tax Levy 61.237
Assessment and Collection of Taxes 61.238
Additional Bond Issue 61.239
Sinking Fund Investments
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Accessed:
Jun. 5, 2024

§ 61.162’s source at texas​.gov