Texas Statutes (Last Updated: January 4, 2014) |
HEALTH AND SAFETY CODE |
Title 5. SANITATION AND ENVIRONMENTAL QUALITY |
Subtitle B. SOLID WASTE, TOXIC CHEMICALS, SEWAGE, LITTER, AND WATER |
Chapter 362. SOLID WASTE RESOURCE RECOVERY FINANCING ACT |
Subchapter B. OPERATION OF SYSTEM |
Sec. 362.018. COST OF CERTAIN REQUIRED ALTERATIONS
Latest version.
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The relocation, raising, lowering, rerouting, changing of grade, or altering of construction of a highway, railroad, electric transmission line, telegraph or telephone property or facility, or pipeline made necessary by the actions of an issuer shall be accomplished at the sole expense of the issuer, who shall pay the cost of the required activity as necessary to provide comparable replacement, minus the net salvage value of any replaced facility. The issuer shall pay that amount from the proceeds of bonds issued to finance a system.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.