Texas § 152.203 INDEPENDENT APPRAISAL.

Texas Statutes

§ 152.203 — INDEPENDENT APPRAISAL.

Texas § 152.203

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Bluebook

Tex. Water Code Code Ann. § 152.203 (2026).

Text

Sec. 152.203. INDEPENDENT APPRAISAL.

(a)Before a river authority may acquire property under Section 152.202 (2) through the exchange of revenue bonds, notes, or other obligations, the authority must obtain a written appraisal of the property by an independent appraiser certifying that the property has a value equal to or greater than the par value of the bonds, notes, or other obligations.

(b)The river authority shall:

(1)maintain the appraisal on file as a public record; and

(2)file a copy of the appraisal with the Texas Commission on Environmental Quality. SUBCHAPTER F. HEDGING TRANSACTIONS

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Sec. 152.203. INDEPENDENT APPRAISAL. (a) Before a river authority may acquire property under Section 152.202 (2) through the exchange of revenue bonds, notes, or other obligations, the authority must obtain a written appraisal of the property by an independent appraiser certifying that the property has a value equal to or greater than the par value of the bonds, notes, or other obligations.
(b) The river authority shall:
(1) maintain the appraisal on file as a public record; and
(2) file a copy of the appraisal with the Texas Commission on Environmental Quality.
SUBCHAPTER F. HEDGING TRANSACTIONS