Tex. Gov't Code § 1473.136 · Subchapter E. BONDS FOR PARKING FACILITIES
PLEDGE OF REVENUE; TAX.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds issued under this subchapter must be payable from and secured by a pledge of:
(1) the net revenue of the parking facility; and
(2) any other revenue incident to the ownership of the parking facility, including money received from a lease of the facility.
(b) The commissioners court may also provide for the bonds to be payable from and secured by the imposition of an ad valorem tax. The tax may not exceed two and one-half cents on each $100 valuation of taxable property in the county.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1473.htm
- Text hash
- sha256 7bfc2feeafd2497d0016089267de56dc137fc8bfbc0130ba4f2b20108359ec52
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 1473.136. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.