Opinion No.

Mr. Steve Pena, Presiding Officer Brazos River Authority Post Office Box 7555 Waco, Texas 76714-7555

Re: Whether the Brazos River Authority may discount and freeze current lease rates for lessees over 65 years of age (RQ-0611-GA)

Dear Mr. Pena:

You explain that "[t]he Brazos River Authority (the `BRA') owns substantial property surrounding Possum Kingdom Lake, and much of that property is subject to long-term residential leases to private individuals."1 You state that the leases have traditionally "reflected very low lease rates" but that the BRA recently began "a process of transitioning to…