81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 81 of 126
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S.B. No. 1540
(a) district shall establish and maintain reasonable and
nond discriminatory rates or other compensation for the use of the
fac ities of the system acquired, constructed, operated,
regulated, or maintained by the district.
Sb) Together with grants received by the district, the rates
oil other compensation must be sufficient to produce revenue
(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 all bonds
issued by the district under this chapter payable wholly or partly
from the revenue, as they become due and payable; and
(3) fulfill the terms of agreements made with the
holders of bonds or with any person on their behalf. (V.A.C.S. Art.
6550c-1, Sec. 4(j).)
:i Sec. 173 208. OPERATION OR USE CONTRACTS. (a) A district
g p (1) lease all or part of the commuter rail facilities
9 toany operator; or
0 (2) contract for the use or operation of all or part of
1 t heommuter rail facilities by any operator.
2 (b) To the maximum' extent practicable, the district shall
3 encourage the participation of private enterprise in the operation
4 of commuter rail facilities.
25 (c) The term of an operating contract under this section may
26 no exceed 20 years. (V.A.C.S. Art. 6550c-1, Sec. 4(m).)
27 1 Sec. 173.209. RAIL TRANSPORTATION SERVICES AGREEMENTS WITH
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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/m1/81/: accessed May 27, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.