31 Tex. Admin. Code § 359.14 - Fees
(a) The executive administrator shall develop
and implement, with board approval, a fee to be paid either upon deposit of a
water right or right to use water into the bank, upon transfer of the water
right or right to use water or portion thereof while on deposit in the bank, or
upon both such occurrences. Such fee shall not exceed 1.0% of the value placed
upon the water right or right to use water by the depositor upon deposit into
the bank, and 1.0% of the value of the water right or right to use water
transferred while on deposit in the water bank. Fees shall be due within 60
days of deposit of the water right or right to use water into the bank, and
within 60 days of transfer of such rights. The value of the water right or
right to use water shall be calculated upon deposit into the bank as the value
placed on the water right or right to use water by the depositor. The value of
the water right or right to use water shall be calculated upon transfer as the
value of the water right sale or total value of any contract or contracts to
use the water.
(b) Fees associated
with deposits to or transfer from the Texas Water Trust of water rights or
rights to use water are waived.
(c)
As necessary, the executive administrator shall obtain board approval of the
fee schedule. The executive administrator shall provide notice in the
Texas Register 30 days before board action considering
approval of such fee schedule, and shall provide copies of the proposed fee
schedule upon request. In approving such fee schedule, the board shall consider
the expenses of operating the bank.
Notes
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