Tex. Gov't Code § 1503.060 · Subchapter B. BONDS AND WARRANTS FOR AIRPORTS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 40,000
CHARGES FOR SERVICE OR FACILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body of a municipality that issues warrants under this subchapter shall prescribe by ordinance and collect a reasonable rate, rent, or other charge for the service or facility furnished by the airport for which the warrants are issued.
(b) The charges under Subsection (a) must be in an amount that will produce revenue sufficient to:
(1) pay when due the principal of and interest on all warrants for which the revenue has been pledged, including reserves; and
(2) provide for all expenses of operation and maintenance of the airport for which the warrants were issued, including reserves.
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.1503.htm
- Text hash
- sha256 654ff2d014a07d86088db8602b387182abdda3091d2540a2904c9ada3ac4df5b
- 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
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.