A privatization contract may be for a term and contain provisions that the governing body of an eligible city determines are in the best interests of the eligible city, including provisions relating to allocation of liabilities, indemnification, and purchase of all or a portion of the facilities.
Tex. Water Code § 13.514
TERM AND PROVISIONS OF A PRIVATIZATION CONTRACT
Added by Acts 1989, 71st Leg., ch. 567, Sec. 44, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.