81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 100 of 126
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S.B. No. 1540
: Sec. 174.207. COMPENSATION FOR USE OF SYSTEM FACILITIES.
(a) A district shall establish and maintain reasonable and
nondiscriminatory rates or other compensation for the use of the
(facilities of the system acquired, constructed, operated,
regulated, or maintained by the district.
(b) Together with grants received by the district, the rates
or. other compensation must be sufficient to produce revenue
j' (1) pay all expenses necessary for the operation and
maintenance of the district's property and facilities;
(2) pay the principal of and interest on bonds issued
by the district payable wholly or partly from the revenue, as they
b com e due and payable; and
S(3) fulfill the terms of agreements made with the
holders of bonds or with any person on their behalf. (V.A.C.S.
AitL6550c-3, Sec. 4(i).)
' Sec. 174.208. OPERATION OR USE CONTRACTS. (a) A district
g ,, (1) lease all r part of the commuter rail facilities
to an operator; or
1 (2) contract for the use or operation of all or part of
2 the commuter rail facilities by an operator.
3 (b) To the maximum extent practicable, the district shall
4 encourage the participation of private enterprise in the operation
5 of commuter rail facilities .
6 (c) The term of an operating contract under this section may
7 not exceed 20 years. (V.A.C.S. Art. 6550c-3, Sec. 4(1).)
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310917/m1/100/: accessed March 17, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.