(a) Wells Branch Municipal Utility district is authorized to contract with a municipality:
- (1) to provide for payments to be made to the municipality for purposes that the governing body of the district determines will further regional cooperation between the district and the municipality; and
- (2) to provide other lawful terms and considerations that the district and the municipality agree are reasonable and appropriate.
- (b) A contract entered into under this section may be for a term that is mutually agreeable to the parties. The parties to such a contract may renew or extend the contract.
- (c) A municipality may contract with the district to accomplish the purposes set forth in Subsection (a) of this section. In a contract entered into under this section, a municipality may agree that the district will remain in existence and be exempt from annexation by the municipality for the term of the contract.
- (d) A contract entered into under this section will be binding on all subsequent governing bodies of the district and of the municipality for the term of the contract.
- (e) The district may make annual appropriations from its operations and maintenance tax or other revenues lawfully available to the district to make payments to a municipality under a contract entered into under this section.
Added by Acts 1999, 76th Leg., ch. 926, Sec. 4, eff. June 18, 1999.