Term and Provisions of A Privatization Contract

Sec. 13.514. TERM AND PROVISIONS OF A PRIVATIZATION CONTRACT. 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. Added by Acts 1989, 71st Leg., ch. 567, Sec. 44, eff. Sept. 1, 1989.